Cottonseed oil cake prices rallied 1.28 per cent to Rs 1,739 per quintal in futures trade today on widened bets by traders, propelled by robust physical market sentiment.
Marketmen said shortage of ready stocks due to pause in supplies, triggered by heavy buying by animal feed makers in the spot markets, buoyed the cottonseed oil cake prices towards upside.
At the National Commodity and Derivatives Exchange, cottonseed oil cake delivery for the current contract August shot up by Rs 22, or 1.28 per cent, to Rs 1,739 per quintal with an open interest of 18,950 lots.
In line with the general trend, delivery of September contract also jumped up by Rs 20, or 1.14 per cent, to Rs 1,781.50 per quintal, clocking an open interest of 1,24,130 lots.
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