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Cottonseed oil cake futures climb on fresh bets

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Press Trust of India New Delhi
Last Updated : Dec 20 2019 | 1:30 PM IST

Cottonseed oil cake prices on Friday climbed Rs 23 at Rs 2,139 per quintal in futures trade due to accumulation of positions amid upbeat trend in spot market.

On the National Commodity and Derivatives Exchange, cottonseed oil cake contracts for December delivery rose by Rs 23, or 1.09 per cent, to Rs 2,139 per quintal in 880 lots.

Cottonseed oil cake contracts for January gained Rs 36, or 1.69 per cent, to Rs 2,163 per quintal in 66,740 lots.

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

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First Published: Dec 20 2019 | 1:30 PM IST

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