Cottonseed Oil Futures Decline on Soft Demand

New Delhi, Apr 4 (PTI) Cottonseed oil cake prices fell Rs 3 to Rs 2,903 per quintal in futures trade on Friday as participants reduced their bets following weak trends in the spot market.

On the National Commodity and Derivatives Exchange, cottonseed oil cake for May delivery traded lower Rs 3 or 0.10 per cent at Rs 2,903 per quintal with an open interest of 55,180 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.