Cottonseed oil cake futures prices declined on Wednesday due to weak trends in spot markets. Participants reduced their bets, leading to a fall of Rs 21 per quintal on the National Commodity and Derivatives Exchange.
New Delhi, Sep 4 (PTI) Cottonseed oil cake prices on Wednesday declined Rs 21 to Rs 2,999 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 21 or 0.70 per cent to Rs 2,999 per quintal with an open interest of 21,980 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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