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Cottonseed falls on selling pressure

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 12:12 AM IST

Cottonseed oilcake prices fell by Rs 25 to Rs 1,334 per quintal in the future trade today on profit booking by traders in tandem with a weak spot market sentiment.

Marketmen said fall in demand and increased arrivals in physical markets, led to profit-booking here in futures trade.

At the National commodity and Derivatives Exchange, the September contract fell by Rs 25, or 1.84% to Rs 1,334 per quintal with an open interest of 7,670 lots.

Near December month contract too eased by Rs 7, or 0.60% to Rs 1,151 per quintal, with an open interest of 34,350 lots.

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First Published: Sep 19 2011 | 2:07 PM IST

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