On Tuesday, the prices of cottonseed oil cake declined by Rs 4, settling at Rs 3,322 per quintal in futures trade, as market participants scaled back their positions in response to a lacklustre trend observed in the spot market.

On the National Commodity and Derivatives Exchange, cottonseed oil cake for December delivery experienced a decline of Rs 4, or 0.12 per cent, settling at Rs 3,322 per quintal, accompanied by an open interest of 5,430 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.