Cottonseed oil cake prices rolled down by Rs 16 to Rs 1,542 per quintal in futures trading today on liquidated of positions by the traders in pressure of subdued physical markets.
Market players mentioned the downturn in cottonseed oil cake futures prices to the mounting of stocks on constant arrivals from growing regions amidst withdrawal of support by animal feed makers in spot markets.
At the National Commodity and Derivative Exchange platform, cottonseed oil cake delivery for the January contract dropped by Rs 16 or 1.03 percent to Rs 1,542 per quintal, in an open interest of 12,000 lots.
Likewise, the delivery for the most traded December month contract slipped by Rs 12 or 0.78 percent to Rs 1,528 per quintal, clocking an open interest of 79,650 lots.
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