Cottonseed oilcake futures slip on profit booking

Cottonseed oilcake prices were down by Rs 23 to Rs 1,955 per quintal in futures trading today as participants booked profits at prevailing higher levels.
Marketmen said the fall in cottonseed oilcake prices at futures trade was mostly attributed to profit-booking by traders at prevailing levels coupled with a weak trend at the physical markets.
At the National Commodity and Derivatives Exchange, cottonseed oilcake for delivery in January retreated by Rs 23, or 1.16 per cent, to Rs 1,955 per quintal, with an open interest of 47,310 lots.
On similar lines, delivery in December was also trading lower by Rs 13, or 0.65 per cent, to Rs 1,975 per quintal, in an open interest of 40,140 lots.