Cottonseed oil cake prices weakened by Rs 17 to Rs 1,392 per quintal in future trade today on profit-booking by speculators amid a weak trend at the physical markets.
Market players said profit-selling by operators, triggered by subdued spot markets where prices drifted lower on constant supplies amid slackness in demand, mainly attributed the fall in cottonseed oil cake future prices.
At the National Commodity and Derivative Exchange, cottonseed oil cake delivery for most-active, delivery this month slipped by Rs 17 or 1.21 per cent to Rs 1,392 per quintal, with an open interest of 81,480 lots.
In a similar manner, cottonseed for delivery in September contracts declined by Rs 15 or 1.04 per cent to Rs 1,430 per quintal, having an open interest of 58,690 lots.
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