Cottonseed oil cake prices experienced a decline of Rs 23, settling at Rs 3,777 per quintal in futures trade on Friday. This downturn was attributed to participants scaling back their positions in response to unfavourable trends observed in the spot market.

On the National Commodity and Derivatives Exchange, cottonseed oil cake for August delivery experienced a decline of Rs 23, or 0.61 per cent, settling at Rs 3,777 per quintal, accompanied by an open interest of 44,120 lots.

Analysts indicated that a sell-off by participants at current levels, in the context of a subdued market trend, exerted downward pressure on cottonseed oil cake prices.