Cottonseed oil cake futures slip on tepid demand

New Delhi, Feb 27 () Cottonseed oil cake prices on Thursday eased by Rs 8 to Rs 1,550 per quintal in futures trade as participants reduced their bets amid a weak trend in spot market.

Market players 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 to be delivered in March fell by Rs 8, or 0.51 per cent, to Rs 1,550 per quintal with an open interest of 86,340 lots.

Cottonseed oil cake for delivery in April fell by Rs 7, or 0.44 per cent, to Rs 1,570 per quintal in 34,680 lots. VHP RUJRUJ