Cottonseed oil cake prices rose by another Rs 14.50 to Rs 1,390.50 per quintal in futures trade today as traders raised long positions amid a firm trend at the physical market.
Marketmen said widening of positions by participants, backed by strong demand from animal feed makers against tight stocks at the spot markets kept cottonseed oil cake prices higher for yet another day in futures trade.
At the National Commodity and Derivatives Exchange, cottonseed oil cake for delivery in July contracts rose by Rs 14.50, or 1.05 per cent, to Rs 1,390.50 per quintal, with an open interest of 84,060 lots.
The most-traded delivery in June contracts too gained Rs 13.50, or 1 per cent, to Rs 1,370 per quintal with an open interest of 1,45,140 lots.
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