The prices of cottonseed oil cake experienced a decline of Rs 9, settling at Rs 2,914 per quintal in the futures market, as market participants adjusted their positions in response to the prevailing bearish trends observed in the spot market.

On the National Commodity and Derivatives Exchange, the futures contract for cottonseed oil cake scheduled for December delivery experienced a decline of Rs 9, reflecting a decrease of 0.31%, bringing the price down to Rs 2,914 per quintal. The market recorded an open interest of 13,320 lots, indicating the total number of outstanding contracts held by market participants.

Market analysts indicated that a divestment by stakeholders at prevailing price points, coupled with a lackluster market trend, predominantly exerted downward pressure on cottonseed oil cake prices.