Cotton seed futures down on profit-booking
Cotton seed oilcake futures prices fell by Rs 14 to Rs 1,299 per quintal today on profit-booking by traders, in tandem with the weak spot market sentiment.
Market analysts said a fall in demand and increased arrivals in physical markets led to the fall in cotton seed oilcake futures prices here.
At the National commodity and Derivatives Exchange, cotton seed oilcake prices for September delivery went down by Rs 14, or 1.07%, to Rs 1,299 per quintal, with an open interest for 50,340 lots.
Similarly, cotton seed for December delivery eased by Rs 3, or 0.27%, to Rs 1,121 per quintal, with a trading volume of 14,770 lots.