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Cottonseed futures up on heavy spot demand

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 12:12 AM IST

Cottonseed oilcake prices firmed up by Rs 17 to Rs 1,160 per quintal in the future trade today on heavy buying by traders in line with a firm domestic market sentiment.

Marketmen said restricted supply and rising demand in physical markets, mainly led to the cottonseed oil-cake price rise here.

At the National Commodity and Derivatives Exchange, cottonseed oilcake prices for most active October contract climbed by Rs 17, or 1.49% to Rs 1,160 per quintal in an open interest of 32,730 lots.

The September contract also gained Rs 9, or 0.66% to Rs 1,377 per quintal, in an open interest of 12,180 lots.

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First Published: Sep 16 2011 | 2:41 PM IST

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