Cottonseed oil cake prices rose by Rs 17.50 to Rs 1,752 per quintal in futures trade today after investors accumulated bets in tune with strong physical demand.
Marketmen said participants widened exposures, induced by the firm demand at the spot markets for animal feed makers amid shortage of ready stocks due to fall in arrivals, mainly influenced cottonseed oil cake prices.
At the National Commodity and Derivatives Exchange, cottonseed oil cake delivery for August hardened by Rs 17.50, or 1.01 per cent, to Rs 1,752 per quintal with open interest of 2,580 lots.
Also, the delivery of the September contract moved up by Rs 9.50, or 0.53 per cent, to Rs 1,805.50 per quintal with the business turnover of 1,35,820 lots.
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