India, June 18 -- Cottonseed oil cake futures traded marginally lower on Thursday as subdued demand in the physical market prompted traders to reduce their positions.
On the National Commodity and Derivatives Exchange (NCDEX), cottonseed oil cake contracts for July delivery slipped by Rs 3, or 0.08 per cent, to Rs 3,676 per quintal, with an open interest of 50,950 lots.
Market analysts attributed the decline to profit booking and weak sentiment in the spot market, which led participants to offload positions at prevailing price levels.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....