Cottonseed oil cake futures prices declined on Friday due to weak trends in spot markets and a sell-off by participants. Learn more about the decline.
New Delhi, Sep 6 (PTI) Cottonseed oil cake prices on Friday declined Rs 8 to Rs 2,984 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 fell Rs 8 or 0.27 per cent to Rs 2,984 per quintal with an open interest of 12,200 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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