Cottonseed oil cake prices firmed up by Rs 47 to Rs 1,636 per quintal in futures trade today as investors raised bets in tune with encouraging physical markets leads.
Market players said frantic buying by animal feed makers amid pause of ready stocks in the spot markets drove up trend in cottonseed oil cake futures prices.
At the National Commodity and Derivatives Exchange, cottonseed oil cake delivery for the immediate contract July hardened by Rs 47 or 2.96 per cent to Rs 1,636 per quintal, with an open interest of 37,440 lots.
Most active delivery in August contract also bolstered by Rs 44.50, or 2.73 per cent, to Rs 1,672 per quintal with a business turnover of 1,26,830 lots.
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