During the course of futures trading, the prices of cottonseed oil cake experienced a decrease of Rs 16, ultimately reaching a position of Rs 2,888 per quintal. In reaction to the poor patterns that have been observed in the spot market, market participants have reduced their positions, which can be linked to this slump.

The cottonseed oil cake contract for December delivery on the NCDEX saw a fall of Rs 16, which is equivalent to a decrease of 0.55%, and ultimately settled at Rs 2,888 per quintal. There were 15,830 lots that were available for purchase.

Specifically, market analysts noted that a divestment by market participants at present price points, in conjunction with a poor trend in the broader market, was the primary factor that imposed downward pressure on the prices of cottonseed oil cake.