MUMBAI, Nov 24 (Reuters) - India's cottonseed oilcake, or kapaskhali, December futures ended a tad lower after trading range-bound for most of the session on Monday, tracking a marginal fall in the spot market, analysts said.
Buyers stayed away from spot market, which has risen about three percent in the last three sessions, analysts said.
Spot market prices firmed in the last few days as supplies were lower on the wake of lower-than-expected crushing of cotton, a trader said in Akola.
Cotton is crushed to produce cottonseed oilcake.
Cotton crushing, which picks up during November, is still moving slowly as farmers hold back stocks due to lower prices, analysts said.
Physical market prices in Akola fell by a rupee to 512 rupees per 50 kg.
