Cottonseed oilcake prices fell by Rs 21 to Rs 2,036 per quintal in futures trading today after participants cut down their positions amid a weak trend at the domestic physical markets.
Marketmen attributed fall in cottonseed oil cake prices at futures trade to reducing of exposure by, tracking a weak trend at the domestic spot markets due to muted demand.
At the National Commodity and Derivative Exchange, cottonseed oil cake delivery for delivery this month dipped by Rs 21, or 1.02 per cent, to Rs 2,036 per quintal, in an open interest of 3,480 lots.
Cottonseed oilcake for delivery in May month contract May fell by Rs 19, or 0.91 per cent, to Rs 2,068 per quintal, with the business turnover of 1,38,090 open lots.
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