Cottonseed oil futures fall on soft demand

NEW DELHI, Jun 23 (PTI) Cottonseed oil cake prices on Thursday declined by Rs 49 to Rs 2,596 per quintal in futures trade as participants reduced their bets tracking a weak trend in spot market.

On the National Commodity and Derivatives Exchange, cottonseed oil cake for July delivery fell by Rs 49 or 1.85 per cent to Rs 2,596 per quintal with an open interest of 83,510 lots. Analysts said sell-off by participants at existing levels amid subdued trend in market mainly weighed on cottonseed oil cake prices.