Cottonseed oil futures decline on soft demand

New Delhi, Aug 7 (PTI) Cottonseed oil cake prices on Monday fell Rs 8 to Rs 2,537 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 August delivery declined Rs 8 or 0.32 per cent to Rs 2,537 per quintal with an open interest of 49,890 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.