Cottonseed oil cake prices firmed up by Rs 13 to Rs 1,291 per quintal in futures trade today as traders raised bets backed up by strong physical market sentiments.
Market players said tracking upbeat spot market sentiments, speculators created holdings, which led to the rise in cottonseed oil cake prices.
In the spot market, prices remained in keen demand due to tight supplies amid brisk demand for animal feed-makers, they added.
At the National Commodity and Derivatives Exchange, cottonseed oil cake delivery for the July contract rose by Rs 13, or 1.02 per cent, to Rs 1,291 per quintal with an open interest of 72,220 lots.
The June contract delivery also improved by Rs 12.50, or 0.99 per cent, to Rs 1,274.50 per quintal, with a business turnover of 1,62,100 open lots.
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