Cottonseed oil cake futures prices declined on Wednesday due to weak demand in spot markets, with participants reducing their bets. The decline was seen in the National Commodity and Derivatives Exchange.
New Delhi, Nov 27 (PTI) Cottonseed oil cake prices on Wednesday declined Rs 7 to Rs 2,717 per quintal in futures trade as participants reduced their bets following weak trends in spot markets.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for December delivery traded lower by Rs 7 or 0.26 per cent at Rs 2,717 per quintal with an open interest of 18,670 lots.
Analysts said a sell-off by participants at existing levels amid a subdued trend in the market mainly weighed on cottonseed oil cake prices.
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