As a result of market players adjusting their positions in response to unfavorable patterns observed in the spot market, the prices of cottonseed oil cake witnessed a fall of Rs 5, ultimately settling at Rs 2,918 per quintal in the futures market.

The trading activity for cottonseed oil cake that was due for delivery in December on the National Commodity and Derivatives Exchange revealed a decline of Rs 5, which reflected a decrease of 0.17%. This resulted in the price of Rs 2,918 per quintal. In tandem with this activity in the market, there is an open interest that amounts to 16,310 lots respectively.

Cottonseed oil cake prices were principally influenced by a downward trend in the market, as indicated by market analysts, which was mostly caused by a divestment by stakeholders at present price points. Additionally, the market trend was not very impressive.