Cottonseed Oil Futures Decline on Weak Demand

New Delhi, Feb 25 (PTI) Cottonseed oil cake prices on Tuesday fell by Rs 22 to Rs 2,682 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 March delivery traded lower by Rs 22 or 0.82 per cent at Rs 2,682 per quintal with an open interest of 69,290 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.