# Cottonseed oilcake futures succumb to profit-booking

> Cottonseed oilcake futures on India's NCDEX fell by Rs 11 to Rs 2,023 per quintal for February delivery as participants booked profits. Spot demand was muted amid increased supplies.

- Date: 2016-12-29 · published 2016-12-29T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/73590-cottonseed-oilcake-futures-succumb-to-profit-booking
- Commodities: [Cottonseed Meal](https://feedsoft.ai/c/CSM.md)

## Why it matters

Weak spot demand and rising supply point to softer Indian cottonseed meal feed prices in the near term.

## Read by commodity

- CSM: bearish ▼

## Sources

- business-standard.com: https://www.business-standard.com/article/pti-stories/cottonseed-oilcake-futures-succumb-to-profit-booking-116122900246_1.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.