Cottonseed oil cake futures ease on subdued demand

Cottonseed oil cake prices came down by Rs 10 to Rs 1,538 per quintal in futures trade today due to a weak trend at physical markets on low demand.

Marketmen said participants reduced their positions following weak trend at spot markets on slowdown in demand from animal feed makers.

At the National Commodity and Derivative Exchange platform, the most-active October contract shed Rs 10 or 0.65 per cent to Rs 1,538 per quintal, with the business turnover of 54,960 lots.

Cottonseed oil cake to be delivered this month also eased by Rs 4 or 0.26 per cent to Rs 1,533 per quintal, in an open interest of 26,010 lots.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)