NCDEX cotton oilcake ends down on early monsoon view.

Futures contracts of cottonseed oilcake on NCDEX hit a 17-month-low because of expectations of early onset of the southwest monsoon this year. Most-active June contract was down 1.2% from previous close. The southwest monsoon is likely to hit Andaman sea and the Nicobar Islands by Monday, five days ahead of the normal date of May 20. Lower demand from stockists and reports of higher inventories are seen weighing on prices of the commodity, In Akola, a key delivery centre in Maharashtra, cottonseed oilcake was sold down 20-30 rupees from the previous day.