NCDEX cotton oilcake at 5-month high on supply concerns.

Futures contracts of cottonseed oilcake on NCDEX hit a five-month high due to concerns over supply of cottonseed. Farmers in Gujarat are not bringing kapas to the market in anticipation of a further rise in prices due to reports of lower production in 2017-18 (Oct-Sep), which is creating a shortage of cottonseed.