Cottonseed oil cake futures prices declined on Friday due to weak demand in spot markets. Analysts cite a sell-off by participants as the main reason for the decline.
New Delhi, Dec 13 (PTI) Cottonseed oil cake prices on Friday declined Rs 4 to Rs 2,688 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 4 or 0.15 per cent at Rs 2,688 per quintal with an open interest of 11,170 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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