Cottonseed Oil Futures Decline on Weak Demand

New Delhi, Oct 30 (PTI) Cottonseed oil cake prices on Wednesday declined Rs 11 to Rs 2,978 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 traded lower by Rs 11 or 0.37 per cent at Rs 2,978 per quintal with an open interest of 18,430 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.