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Cottonseed oil cake prices on declined

New Delhi, Cottonseed oil cake prices on Tuesday declined by Rs 16 to Rs 2,274 per quintal in futures trade as participants reduced their bets tracking a weak trend in spot market.

Analysts said sell-off by participants at existing levels amid subdued trend in market mainly weighed on cottonseed oil cake prices.

On the National Commodity and Derivatives Exchange, cottonseed oil cake for March delivery fell by Rs 16, or 0.7 per cent, to Rs 2,274 per quintal with an open interest of 58,240 lots.

Cottonseed oil cake for April delivery went down by Rs 16, or 0.69 per cent, to Rs 2,297 per quintal in 1,06,390 lots. PTI