Cottonseed oil cake prices marked up by Rs 19.50 to Rs 1,859 per quintal in futures trade today as operators collected bets in the face of strong physical markets trend.
Marketmen said, firm stance at the spot markets where prices ruled higher on thin supplies and gearing up in demand for animal feed making industries, encouraged traders to build up exposures, which pushed up trading sentiments in the cottonseed oil cake futures prices.
At the National Commodity and Derivatives Exchange platfrom, cottonseed oil cake delivery for the most active September month contract spurted by Rs 19.50 or 1.06 per cent to Rs 1,859 per quintal, revealing the business turnover in 1,32,640 open interest lots.
Meanwhile, the delivery of the second contract October month edged up by Rs 3 or 0.17 per cent to Rs 1,758 per quintal, open interest stood at 34,700 lots.
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