Cottonseed oil futures prices plunge: lack of demand

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New Delhi: Cottonseed oil cake prices fell by Rs 29 to Rs 3,346 per quintal in futures trade on Monday as traders reduced their positions following a weak trend in the spot market.

At the NCDEX, cottonseed oil cake contracts for September delivery fell by Rs 29, or 0.87 percent, to Rs 3,346 per quintal in a business turnover of 21,640 lots.

Analysts said selling by traders at current levels amid sluggish market sentiment mainly led to the fall in cottonseed oil cake prices.

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