New Delhi, Feb 27: Cottonseed oil cake prices fell by ₹18 to ₹2,658 per quintal in futures trading on Thursday, as traders reduced their holdings amid weak trends in the spot market.
On the National Commodity and Derivatives Exchange (NCDEX), the March contract saw a 0.68% decline, settling at ₹2,658 per quintal. Open interest for the contract stood at 69,340 lots, indicating active participation despite the downturn.
Market analysts attributed the price drop to profit-booking at higher levels and an overall subdued sentiment in the market. Weak demand in the spot market further pressured futures prices, leading to a sell-off by traders.
