Cottonseed Oil Cake Futures Slip: Demand Weak
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Cottonseed oil cake futures fall on soft demand. May delivery down Rs 17 to Rs 3,365/quintal. Analysts cite subdued market trend.

Illustration: Uttam Ghosh/Rediff.com
New Delhi, Apr 23 (PTI) Cottonseed oil cake prices on Thursday fell Rs 17 to Rs 3,365 per quintal in futures trade as participants reduced their bets, following weak trends in the spot market.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for May delivery traded lower by Rs 17, or 0.50 per cent, to Rs 3,365 per quintal with an open interest of 57,490 lots.
Analysts said a sell-off by participants at existing levels amid a subdued market trend weighed on cottonseed oil cake prices.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for May delivery traded lower by Rs 17, or 0.50 per cent, to Rs 3,365 per quintal with an open interest of 57,490 lots.
Analysts said a sell-off by participants at existing levels amid a subdued market trend weighed on cottonseed oil cake prices.
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