Cottonseed oil cake futures prices declined on Monday due to weak demand and a sell-off by participants in the spot market. The decline was seen in the National Commodity and Derivatives Exchange (NCDEX) for December delivery.
New Delhi, Sep 9 (PTI) Cottonseed oil cake prices on Monday declined Rs 7 to Rs 2,979 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 7 or 0.24 per cent to Rs 2,979 per quintal with an open interest of 13,310 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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