In futures trade, cottonseed oil cake prices experienced a decline on Thursday, dropping by Rs 5 to reach Rs 2,584 per quintal. This decrease was attributed to a reduction in bets by participants, influenced by lackluster trends observed in spot markets.

On the National Commodity and Derivatives Exchange, cottonseed oil cake for April delivery fell by Rs 5 or 0.19 percent, with an open interest of 32,130 lots.

Market analysts highlighted that the selling pressure exerted by participants at current levels, coupled with a subdued market sentiment, predominantly contributed to the downward trajectory in cottonseed oil cake prices.

The soft demand scenario reflects the cautious approach adopted by traders in response to prevailing market conditions. PTI SGC DR