On Friday, the prices of cottonseed oil cake decreased by Rs 18, settling at Rs 3,481 per quintal in futures trade, as market participants scaled back their positions in response to a declining trend in the spot market.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for September delivery experienced a decline of Rs 18, or 0.48 per cent, settling at Rs 3,481 per quintal, accompanied by an open interest of 40,780 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.