Cottonseed oil cake futures fall on soft demand

Cottonseed oil cake prices on Monday declined by Rs 5 to Rs 2,005 per quintal in futures trade as participants reduced their bets tracking a weak trend in spot market.

Analysts said sell-off by participants at existing levels amid subdued trend in market mainly weighed on cottonseed oil cake prices.

On the National Commodity and Derivatives Exchange, cottonseed oil cake for January delivery fell by Rs 5, or 0.25 per cent, to Rs 2,005 per quintal with an open interest of 1,900 lots.

Cottonseed oil cake for February delivery eased by Rs 12, or 0.63 per cent, to Rs 2,005 per quintal in 91,460 lots.

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