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Cottonseed oil futures decline on soft demand

NEW DELHI: Cottonseed oil cake prices on Thursday decreased Rs 41 to Rs 2,701 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 March delivery fell Rs 41 or 1.52 per cent to Rs 2,701 per quintal with an open interest of 8,170 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. PTI