Cottonseed oil futures fall on soft demand

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New Delhi, Nov 2 (PTI) Cottonseed oil cake prices on Monday declined by Rs 38 to Rs 1,813 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 Rs 38, or 2.05 per cent, to Rs 1,813 per quintal with an open interest of 24,950 lots.

Likewise, Cottonseed oil cake for January delivery went down by Rs 37, or 1.99 per cent, to Rs 1,824 per quintal in 7,950 lots. PTI SRS SHW SHW