Cottonseed oil cake futures ease on spot demand

Cottonseed oil cake prices fell by Rs 11 to Rs 1,705.50 per quintal in futures trade today as traders trimmed their holdings in tune with subdued spot markets.

Marketmen said fall in demand from animal feed makers amid ample stocks position at the spot markets also weighed on the cottonseed oil cake futures prices.

At the National Commodity and Derivatives Exchange, cottonseed oil cake for September fell by Rs 11, or 0.64 percent, to Rs 1,705.50 per quintal, with an open interest of 47,220 lots.

The delivery for cottonseed oil cake also shed by Rs 3, or 0.17 percent, to Rs 1,734 per quintal, showing an open interest of 52,220 lots.