In the futures market, the prices of cottonseed oil cake witnessed a decrease of Rs 6, ultimately reaching a level of Rs 2,911 per quintal. In response to unfavorable patterns that have been noticed in the spot market, market participants have reduced their positions, which can be linked to this fall.

At the National Commodity and Derivatives Exchange, the cottonseed oil cake contract for December delivery experienced a decrease of Rs 6, which reflected a decrease of 0.21%. The contract ultimately settled at Rs 2,911 per quintal. There were 16,250 lots that were available for purchase.

According to market observers, the majority of the downward pressure on cottonseed oil cake prices was caused by a combination of factors, the most significant of which was a divestment by stakeholders at present price points and a poor market trend.