India, Aug. 21 -- Cottonseed oil cake prices came under pressure in futures trade on Friday, falling Rs 18 to Rs 3,481 per quintal as traders trimmed their positions amid subdued market conditions.
On the National Commodity and Derivatives Exchange, the September contract declined 0.48 per cent, or Rs 18, to settle at Rs 3,481 per quintal. Open interest stood at 40,780 lots.
According to market analysts, a lack of buying support in the physical market prompted participants to book profits and reduce their exposure, dragging futures prices lower.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....