Cottonseed oil futures prices declined due to weak demand

New Delhi: Cottonseed oil cake prices fell by Rs 9 to Rs 2,914 per quintal in futures trade on Thursday as traders reduced their positions following a weak trend in the spot market.

On the National Commodity Exchange (NCDEX), cottonseed oil cake contracts for December delivery fell by Rs 9, or 0.31 percent, to Rs 2,914 per quintal with a turnover of 13,320 lots.

Analysts said selling by traders at current levels amid subdued market sentiment mainly led to the fall in cottonseed oil cake prices.