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Cottonseed oil cake futures fall on sluggish demand

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Press Trust of India New Delhi

Cottonseed oil cake prices fell by Rs 9 at Rs 2,126 per quintal in futures trade on Tuesday as participants reduced their bets amid weak trend at the spot market.

Market players said sell-off by participants at the existing levels amid subdued trend at the market mainly weighed on cottonseed oil cake prices.

On the National Commodity and Derivatives Exchange, cottonseed oil cake to be delivered in December fell by Rs 9, or 0.42 per cent, to Rs 2,126 per quintal in an open interest of 45,670 lots.

Cottonseed oil cake for delivery in January next year went down by Rs 18, or 0.86 per cent, to Rs 2,069 per quintal in 17,950 lots.

 

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First Published: Oct 01 2019 | 1:00 PM IST

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