Cottonseed oil cake prices drifted lower by Rs 27 to Rs 1,660 per quintal in futures trade today as traders opted to minimise holdings depressed by the subdued physical trend. At the National Commodity and Derivative Exchange, cottonseed oil cake for delivery this month fell by Rs 27, or 1.60 per cent, to Rs 1,660 per quintal, having an open interest of 19,670 lots. Likewise, the delivery of the March month contract slides by Rs 18.50, or 1.11 per cent, to Rs 1,641 per quintal in an open interest of 1,42,540 lots. Marketmen attributed the slide in cottonseed oil cake futures prices to weakening trend in the spot market following ample ready stocks against sluggish demand from animal feed makers.
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