On Wednesday, the prices of cottonseed oil cake declined by Rs 6, settling at Rs 3,644 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 6, or 0.16 percent, settling at Rs 3,644 per quintal, accompanied by an open interest of 17,200 lots.
Analysts indicated that a sell-off by participants at the current levels, in the context of a subdued market trend, exerted downward pressure on cottonseed oil cake prices.
