On Tuesday, the prices of cottonseed oil cake declined by Rs 42, settling at Rs 3,380 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 42, or 1.23 percent, settling at Rs 3,380 per quintal, accompanied by an open interest of 9,630 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.