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Cottonseed falls on selling pressure

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Press Trust of India New Delhi

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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