Cottonseed oil cake prices fell by Rs 12 to RS 2,967 per quintal in futures trading on Thursday, as traders pared down their positions amid sluggish demand in the spot market.
On the National Commodity and Derivatives Exchange (NCDEX), the June delivery contract declined by Rs 12 or 0.40%, settling at Rs 2,967 per quintal, with an open interest of 86,780 lots.
According to analysts, the price decline was primarily driven by profit booking and a weak market sentiment, prompting participants to offload holdings at current levels.