Cottonseed oilcake prices improved by Rs 15 to Rs 1,130 per quintal in futures trading today following increased buying by traders in line with a firm spot markets sentiment.
Market analysts said, increased buying by traders, driven by restricted supply and pick-up in demand at physical markets, led to the rise in cottonseed futures prices.
At the National Commodity and Derivatives Exchange, cottonseed prices for delivery in April rose by Rs 15, or 1.35 per cent, to Rs 1,130 per quintal, with an open interest of 40,010 lots.
Cottonseed for delivery in May too moved up by Rs 14, or 1.14 per cent, to Rs 1,156 per quintal, with an open interest of 79,450 lots.
