Cottonseed oil cake prices on Tuesday decreased by Rs 4 to Rs 3,925 per quintal in futures trade, as market participants scaled back their positions in response to lacklustre trends observed in the spot market.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for August delivery experienced a decline of Rs 4, or 0.10 per cent, settling at Rs 3,925 per quintal, accompanied by an open interest of 43,925 lots.
Analysts indicated that a sell-off by participants at current levels, in conjunction with a subdued market trend, exerted downward pressure on cottonseed oil cake prices.
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