In the context of futures trading, the value of cottonseed oil cake has experienced a decrease of Rs 4, resulting in a value of Rs 2,947 per quintal. As a result of the negative trends that have been observed in the spot market, market participants are reevaluating their positions, which has led to this change.
The December delivery of cottonseed oil cake on the National Commodity and Derivatives Exchange had a decline of Rs 4, which is equivalent to 0.14%. The final price of the quintal was Rs 2,947, and the open interest was reported at 19,900 lots.
According to the observations of market observers, the primary factor that contributed to the downward pressure on cottonseed oil cake prices was a sell-off by participants at the current levels, which was accompanied with a lackluster trend in the market.