Cottonseed prices improved by Rs 36 to Rs 1,309 per quintal in futures trading today owing to increased buying guided by higher domestic sentiment.
Market analysts attributed the rise in cottonseed futures prices to heavy buying against low inventories.
Strong demand from cattle-feed making industries in spot markets also helped in boosting the trading sentiments to some extent, they added.
At the National Commodity and Derivatives Exchange, cottonseed oil cake price for delivery in August rose by Rs 36, or 2.83% to Rs 1,309 per quintal, with an open interest of 12,100 lots.
The June contract gained Rs 16, or 1.38% to Rs 1,176 per quintal, with an open interest of 81,950 lots.
