Cottonseed oil cake futures slip on muted demand

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New Delhi, Jun 29 (PTI) Cottonseed oil cake prices on Monday fell by Rs 21 to Rs 1,985 per quintal in futures trade as participants reduced their bets amid a weak trend in spot market.

On the National Commodity and Derivatives Exchange, cottonseed oil cake to be delivered in July fell by Rs 21, or 1.05 per cent, to Rs 1,985 per quintal with an open interest of 46,520 lots.

Cottonseed oil cake for delivery in August went down by Rs 7, or 0.34 per cent, to Rs 2,049 per quintal in 17,930 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 RUJ RUJ