Cottonseed oil cake prices edged lower on Friday as traders reduced their positions amid subdued demand in the spot market.
On the National Commodity and Derivatives Exchange, cottonseed oil cake contracts for July delivery fell by Rs 13, or 0.36%, to Rs 3,627 per quintal, with an open interest of 29,860 lots.
Market analysts attributed the decline to profit booking and reduced buying interest, as weak spot market trends prompted participants to trim their exposure at current price levels.