Cottonseed oil futures fall on soft demand

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New Delhi, Feb 19 (PTI) Cottonseed oil cake prices on Friday declined by Rs 4 to Rs 2,330 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 February delivery fell by Rs 4, or 0.17 per cent, to Rs 2,330 per quintal with an open interest of 1,260 lots.

Cottonseed oil cake for March delivery went down by Rs 9, or 0.38 per cent, to Rs 2,338 per quintal in 1,21,860 lots. PTI SRS SHW SHW