Cottonseed oilcake falls over 1% on selling pressure

Increased arrivals affected the trade

Cottonseed oilcake prices fell by Rs 19 to Rs 1,527 per quintal in futures trade today on selling by speculators in line with weak spot markets sentiment.

Marketmen said increased arrivals against selling at higher levels in physical markets mainly led to a fall in future prices of cottonseed oilcake.

At the National Commodity and Derivatives Exchange (NCDEX), the June contract slipped by Rs 19, or 1.23% to Rs 1,527 per quintal in 70,340 lots.

Most active July contract too eased by Rs 12, or 0.75% to Rs 1,591 per quintal in 1,95,180 lots.