Cottonseed oil futures ease on low demand

New Delhi, Jan 21 () Cottonseed oil cake prices on Tuesday fell by Rs 21 to Rs 2,050 per quintal in futures trade as participants reduced their bets amid a weak trend at spot market.

Market players said sell-off by participants at the 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 January fell by Rs 21, or 1.01 per cent, to Rs 2,050 per quintal with an open interest of 96,480 lots.

Cottonseed oil cake for delivery in February went down by Rs 19, or 0.91 per cent, to Rs 2,077 per quintal in 16,510 lots. VHP SHW SHW