Cottonseed Oil Futures Drop on Weak Demand

New Delhi, May 9 (PTI) Cottonseed oil cake prices on Friday fell Rs 23 to Rs 2,954 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 June delivery traded lower Rs 23 or 0.78 per cent at Rs 2,954 per quintal with an open interest of 63,880 lots.

Analysts said a sell-off by participants at existing levels amid a subdued trend in the market mainly weighed on cottonseed oil cake prices.