Cottonseed oilcake prices were down by Rs 22 to Rs 1,934 per quintal in futures trading today as speculators cut down their bets amid a weak trend at the physical markets.
Marketmen said, reducing positions by participants in view of a weak trend at the spot markets on increased arrivals from growing regions amid absence of demand due to cash crunch, led to a fall in cottonseed oilcake prices at futures trade.
At the National Commodity and Derivatives Exchange, cottonseed oilcake for delivery in December dipped by Rs 22, or 1.12 per cent, to Rs 1,934 per quintal, depicting an open interest of 45,660 lots.
Also, most-active delivery in January fell by Rs 8, or 0.41 per cent, to Rs 1,928 per quintal, showing an open interest of 49,170 lots.
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