08 Jul '11, 8am

Cottonseed futures fall on fresh selling

New Delhi, Jul 8 (PTI) Cottonseed oilcake futures prices declined by Rs 13 to Rs 1,146 per quintal today on increased selling by traders. Market analysts said speculators preferred to off-load part of their positions on expectations of higher crop this season, following timely monsoon rains. They said shifting of interest in other crop among cattlefeed makers further dampened the market sentiment. At the National Commodity and Derivatives Exchange, cottonseed oilcake prices for current month July''s contract slipped by Rs 13, or 1.12 per cent, to Rs 1,146 per quintal, with an open interest of 36,450 lots. Prices for delivery in August fell by Rs 13, or 1.06 per cent, to Rs 1,208 per quintal, within a trade volume of 45,020 lots.

Full article: http://sg.news.yahoo.com/cottonseed-futures-fall-fresh-se...

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