Cottonseed oil futures decline on soft demand

New Delhi, Jul 22 (PTI) Cottonseed oil cake prices on Monday declined Rs 14 to Rs 2,949 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 fell Rs 14 or 0.47 per cent to Rs 2,949 per quintal with an open interest of 54,730 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.