Cottonseed prices fell by Rs 13 to Rs 1,234 per quintal in future trading today following selling pressure from traders in tandem with weak spot market cues.
Market analysts said apart from profit booking at higher levels, lower spot market cue attributed to fall in future price of cottonseed.
At the National Commodity and Derivatives Exchange counter, cottonseed oil for delivery in May slipped by Rs 13, or 1.04 per cent, to Rs 1,234 per quintal, with an open interest of 2,860 lots.
Most active March-month delivery contract fell by Rs 11, or 0.92 per cent, to Rs 1,183 per quintal, with an open interest of 88,400 lots.
While current February-month delivery contract eased by Rs 9, or 0.77 per cent, to Rs 1,155 per quintal, with an open interest of 60,570 lots.
Top Section
Explore Business Standard