Cottonseed oil cake prices declined by Rs 11 to Rs 4,113 per quintal in futures trade on Friday, as market participants scaled 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 11, or 0.27 per cent, settling at Rs 4,113 per quintal, accompanied by an open interest of 51,050 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.
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