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Cottonseed Oil Cake Futures Rise On Fresh Bets

Cottonseed oil cake for delivery in December traded up by Rs 38, or 1.52 per cent to Rs 2,534 per quintal with an open interest of 27,570 lots.

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Cottonseed oil cake prices on Thursday increased by Rs 38 to Rs 2,534 per quintal in futures trade as speculators created fresh positions driven by firm spot demand.

On the National Commodity and Derivatives Exchange, cottonseed oil cake for delivery in December traded up by Rs 38, or 1.52 per cent to Rs 2,534 per quintal with an open interest of 27,570 lots.

Marketmen said raising of positions by participants amid a rising demand from cattle-feed makers mainly influenced cottonseed oil cake prices here. 

(PTI)


Tags assigned to this article:
Cottonseed Spot Demand