Cottonseed Oil Futures Decline on Soft Demand

New Delhi, Mar 24 (PTI) Cottonseed oil cake prices on Monday fell Rs 14 to Rs 2,755 per quintal in futures trade as participants reduced their bets following weak trends in the spot market.

On the National Commodity and Derivatives Exchange, cottonseed oil cake for April delivery traded lower Rs 14 or 0.51 per cent at Rs 2,755 per quintal with an open interest of 73,540 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.