On Thursday, the prices of cottonseed oil cake declined by Rs 16, settling at Rs 3,333 per quintal in futures trading, 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 16, or 0.48 percent, settling at Rs 3,333 per quintal, accompanied by an open interest of 14,890 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.
