NCDEX cotton oilcake down on profit sales; spot unchanged.

The May contract of cottonseed oilcake on NCDEX fell over 1% as investors booked profits after the contract hit a three-week high. A 2,620-tn fall in open interest of May contract to 45,150 tn indicated profit booking. Meanwhile, stocks of the commodity in NCDEX-accredited warehouses rose to 104,130 tn May 09, up 138 tn from previous day, leading to bearishness in the market.