Cottonseed oil cake futures fall on soft demand

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New Delhi, Nov 5 (PTI) Cottonseed oil cake prices on Thursday declined by Re 1 to Rs 1,858 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 December delivery fell by Re 1, or 0.05 per cent, to Rs 1,813 per quintal with an open interest of 26,820 lots.

However, cottonseed oil cake for January delivery gained Rs 5, or 0.27 per cent, to Rs 1,875 per quintal in 9,370 lots. PTI SRS RUJ RUJ