Business Standard

Cottonseed oil cake futures rise on upbeat trends

Image

Press Trust of India New Delhi
Cottonseed oil cake prices looked up further by Rs 21 to Rs 1,635 per quintal in futures trade today as traders were accumulating holdings in line with emerging spot markets.

Marketmen said thin supply and immense buying by cattle- feed makers in spot markets mainly enthused trading sentiments here in future markets.

At the National Commodity and Derivative Exchange platform, cottonseed oil cake delivery for the first contract June spurted further by Rs 21 or 1.30 per cent to Rs 1,635 per quintal, with an open interest of 1,350 lots.

Most traded near contract July delivery also added another gain of Rs 10 or 0.59 per cent to Rs 1,710 per quintal, clocking an open interest of 99,310 lots.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 13 2017 | 12:07 PM IST

Explore News