Cottonseed oil futures fall on soft demand

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New Delhi, Mar 24 (PTI) Cottonseed oil cake prices on Wednesday declined by Rs 15 to Rs 2,381 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 April delivery fell by Rs 15, or 0.63 per cent, to Rs 2,381 per quintal with an open interest of 1,09,130 lots.

Cottonseed oil cake for May delivery went down by Rs 15, or 0.62 per cent, to Rs 2,405 per quintal in 36,940 lots. PTI SRS SHW SHW