Cottonseed oil futures decline on soft demand

New Delhi, Nov 18 (PTI) Cottonseed oil cake prices on Monday declined more than 4 per cent to Rs 2,925 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 December delivery traded lower by Rs 123 or 4.21 per cent at Rs 2,925 per quintal with an open interest of 17,430 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.