Cottonseed oil cake prices edged 0.60 per cent higher to Rs 1,775 per quintal in futures trade today as speculators raised bets, tracking a firm trend in the physical markets.
At the National Commodity and Derivative Exchange, cottonseed oil cake delivery for February contracts advanced Rs 10.50, or 0.60 per cent, to Rs 1,775 per quintal, clocking an open interest of 10,04,470 lots.
Also, the contracts for delivery this month edged up by Rs 3, or 0.17 per cent, to Rs 1,769 per quintal, with an open interest of 3,100 lots.
Marketmen said speculators created fresh positions on account of a firm trend overseas, reflecting an uptrend in cottonseed oil cake futures prices.
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