Cottonseed oil cake futures fall on soft demand

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New Delhi, Mar 10 (PTI) Cottonseed oil cake prices on Wednesday declined by Rs 21 to Rs 2,281 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 spot market mainly weighed on cottonseed oil cake prices.

On the National Commodity and Derivatives Exchange, cottonseed oil cake for March delivery fell by Rs 21, or 0.91 per cent, to Rs 2,281 per quintal with an open interest of 41,690 lots.

Cottonseed oil cake for April delivery eased by similar margins to Rs 2,305 per quintal in 1,15,250 lots. PTI SRS RUJ RUJ