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Cottonseed oil futures fall on soft demand

Cottonseed oil cake prices on Friday declined by Rs 39 to Rs 2,007 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 January delivery fell by Rs 39, or 1.91 per cent, to Rs 2,007 per quintal with an open interest of 7,640 lots.

Cottonseed oil cake for February delivery went down by Rs 34, or 1.64 per cent, to Rs 2,035 per quintal in 93,610 lots.

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