In the context of futures trading, the prices of cottonseed oil cake witnessed a decline of Rs 17, ultimately reaching a level of Rs 2,941 per quintal. In response to unfavorable patterns that have been noticed in the spot market, participants have reduced their positions, which can be linked to this fall.

There was a fall of Rs 17, which is equivalent to a decrease of 0.58%, in the December delivery of cottonseed oil cake on the NCDEX. This resulted in the price reaching Rs 2,941 per quintal, and there was an open interest of 17,520 lots.

According to the observations of market analysts, the primary factor that contributed to the downward pressure on cottonseed oil cake prices was a sell-off by market participants at the current levels, which was combined with a dismal trend in the market.