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Cottonseed oil cake futures rise on firm demand

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Press Trust of India New Delhi

Cottonseed oil cake prices rose by Rs 11.5 to Rs 2,165 per quintal in futures trade on Tuesday as participants accumulated positions on spot demand.

At the National Commodity and Derivatives Exchange, cottonseed oil cake for December delivery traded higher by Rs 11.5, or 0.53 per cent, at Rs 2,165 per quintal with an open interest of 53,310 lots.

Similarly, cottonseed oil cake for January delivery was trading higher by Rs 17, or 0.81 per cent, at Rs 2,108 per quintal with an open interest of 19,270 lots.

Marketmen said raising of positions by participants amid rising demand from cattle feed makers mainly influenced prices here.

 

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First Published: Oct 15 2019 | 1:45 PM IST

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