Cottonseed oil futures fall on soft demand

Cottonseed oil cake prices on Wednesday declined by Rs 38 to Rs 2,588 per quintal in futures trade as participants reduced their bets tracking a weak trend in the spot market.

On the National Commodity and Derivatives Exchange, cottonseed oil cake for July delivery fell by Rs 38 or 1.45 percent to Rs 2,588 per quintal with an open interest of 50,420 lots.

Analysts said sell-off by participants at existing levels amid a subdued trend in the market mainly weighed on cottonseed oil cake prices.