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Cottonseed oil cake futures rise on fresh bets

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Press Trust of India New Delhi
Last Updated : Jan 10 2020 | 1:20 PM IST

Cottonseed oil cake prices on Friday edged up by Rs 7 to Rs 2,167 per quintal in futures trade due to accumulation of positions amid upbeat trend at spot market.

On the National Commodity and Derivatives Exchange, cottonseed oil cake contracts for January delivery rose by Rs 7, or 0.32 per cent, to Rs 2,167 per quintal in 27,800 lots.

Cottonseed oil cake contracts for February gained Rs 10, or 0.46 per cent, to Rs 2,197 per quintal in 82,750 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: Jan 10 2020 | 1:20 PM IST

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