Cottonseed oil futures decline on soft demand

Cottonseed oil cake prices on Wednesday declined Rs 25 to Rs 2,497 per quintal in futures trade as participants reduced their bets following weak trends in spot markets.

On the National Commodity and Derivatives Exchange, cottonseed oil cake for June delivery fell by Rs 25 or 0.99 per cent to Rs 2,497 per quintal with an open interest of 4,820 lots.

Analysts said a sell-off by participants at existing levels amid a subdued trend in the market mainly weighed on cottonseed oil cake prices.