MUMBAI (Commodity Online): Cotton seed futures declined today on profit booking by the traders on poor demand from the local markets.

At NCDEX Cotton seed contract is trading at Rs. 2944 per quintal, fell by Rs.18 or 1.37% at 16:42 IST against the previous close.

In the early session the contract traded at a range of Rs.1290-1320 per quintal and open interest of the contract is 49850 lots as of now.

Higher arrivals from the producing regions also capped the gain of cotton seed futures.