Cottonseed oil cake prices edged lower in futures trade on Friday, slipping Rs 3 to Rs 3,138 per quintal, as market participants pared positions amid a subdued trend in the spot market.

On the National Commodity and Derivatives Exchange (NCDEX), cottonseed oil cake contracts for January delivery declined Rs 3, or 0.10 per cent, to trade at Rs 3,138 per quintal, with an open interest of 35,240 lots.

Analysts attributed the decline to selling pressure at higher levels, as weak demand and cautious sentiment in the physical market weighed on prices.