
The prices of cottonseed oil cake have undergone a modest reduction, now positioned at Rs 2,901 per quintal within the realm of futures trading. This adjustment can be attributed to market participants recalibrating their positions in light of the subdued trends noted in the spot market.
The cottonseed oil cake futures for December delivery on the National Commodity and Derivatives Exchange witnessed a marginal decrease of Rs 1, translating to a 0.03% dip, ultimately concluding at Rs 2,901 per quintal. This movement was observed alongside an open interest totaling 14,420 lots.
Market participants have initiated a sell-off at prevailing levels, driven by a tepid trend that has predominantly applied downward pressure on the prices of cottonseed oil cake.