Cottonseed oil futures fall on soft demand

Cottonseed oil cake prices on Tuesday declined by Rs 37 to Rs 2,033 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 December delivery fell by Rs 37, or 1.79 per cent, to Rs 2,033 per quintal with an open interest of 29,960 lots.

Cottonseed oil cake for January delivery eased by Rs 36, or 1.72 per cent, to Rs 2,057 per quintal in 16,070 lots.