Cottonseed oil cake prices went down by Rs 24 to Rs 1,567 per quintal in futures trade today on fresh selling by operators, guided by subdued physical markets.
At the National Commodity and Derivatives Exchange, cottonseed oilcake for August dropped by Rs 24, or 1.51 per cent, to Rs 1,567 per quintal, clocking an open interest of 1,03,820 lots.
Cottonseed oilcake to be delivered in September also declined by Rs 16, or 1.03 per cent, to Rs 1,531 per quintal, having an open interest of 21,240 lots.
Marketmen said the fall in cottonseed oilcake prices was mostly due to offloading of positions by participants, tracking a weak trend at the spot markets due to reduced demand amid persistent arrivals from growing regions.
Disclaimer: No Business Standard Journalist was involved in creation of this content
