India, June 22 -- Cottonseed oil cake futures traded lower on Monday, with the July contract falling by Rs 26, or 0.71%, to Rs 3,638 per quintal on the National Commodity and Derivatives Exchange (NCDEX).
The decline came as traders reduced their positions amid weak sentiment in the spot market. The July contract recorded an open interest of 50,570 lots.
Market analysts attributed the fall in prices to subdued demand and selling pressure from market participants at prevailing levels, which weighed on cottonseed oil cake futures.
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