India, Nov. 3 -- Cottonseed oil cake prices declined by Rs. 16 to Rs. 3,637 per quintal in futures trade on Tuesday, as traders reduced their positions amid a weak trend in the spot market.
On the National Commodity and Derivatives Exchange (NCDEX), cottonseed oil cake contracts for December delivery fell by Rs. 16, or 0.44%, to Rs. 3,637 per quintal. The contract recorded an open interest of 16,810 lots.
Market analysts attributed the decline to selling by participants at prevailing levels amid subdued market sentiment and weak spot demand.
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