Cottonseed oil cake futures slip on muted demand

New Delhi, Jun 30 (PTI) Cottonseed oil cake prices on Tuesday fell by Rs 9 to Rs 1,948 per quintal in futures trade as participants reduced their bets amid a weak trend at the spot market.

On the National Commodity and Derivatives Exchange, cottonseed oil cake to be delivered in July fell by Rs 9, or 0.46 per cent, to Rs 1,948 per quintal with an open interest of 46,340 lots.

Cottonseed oil cake for delivery in August went down by Rs 5, or 0.25 per cent, to Rs 2,013 per quintal in 20,440 lots.  Market players said sell-off by participants at the existing levels amid subdued trend in market mainly weighed on cottonseed oil cake prices. PTI SRS SHW SHW