NCDEX to levy 5% additional margin on cotton oilcake.

The National Commodity and Derivatives Exchange impose a 5% additional margin on Jul-Sep contracts of cottonseed oilcake, both on buy and sell sides. The cottonseed oilcake contracts have fallen over the last few weeks because of ample supplies and subdued demand in the local market. The most active July futures of the commodity ended 1.5% down at 1,721 rupees per 100 kg.