Cottonseed oil futures fall on soft demand

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New Delhi, Mar 26 (PTI) Cottonseed oil cake prices on Friday declined by Rs 13 to Rs 2,340 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 13, or 0.62 per cent, to Rs 2,340 per quintal with an open interest of 1,00,900 lots.

Cottonseed oil cake for May delivery went down by Rs 11, or 0.46 per cent, to Rs 2,366 per quintal in 43,970 lots. PTI SRS SHW SHW