Cottonseed oil cake prices retook by Rs 25 to Rs 1,407 per quintal in futures trade today on creating of fresh positions at existing levels supported by emerging physical markets.
Market players said after yesterday's sell-off, accumulation of fresh holdings by the operators in line with upbeat physical sentiments, mainly led to up movements in cottonseed oil cake prices.
At the National Commodity and Derivative Exchange counter, cottonseed oil cake delivery for the first contract April improved by Rs 25 or 1.81 per cent to Rs 1,407 per quintal, with an open interest of 8,550 lots.
The Delivery of the most traded second contract May also strengthened by Rs 22 or 1.57 per cent to Rs 1,425 per quintal, in an open interest of 1,72,870 lots.
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