Cottonseed oil cake prices were higher by Rs 6 to Rs 1,570 per quintal in futures trading today on raising bets by the participants in tune with higher physical demand.
At the National Commodity and Derivative Exchange, cottonseed oil cake to be delivered in December gained Rs 6 or 0.38 per cent to Rs 1,570 per quintal, having an open interest of 73,090 lots.
Likewise, the delivery for the for the January advanced by Rs 6 or 0.38 to settle at Rs 1,581 per quintal, having an open interest of 25,100 lots.
Marketmen said rising prices in spot markets on reduced arrivals and acceleration in offtake by animal feed makers supported the upside in cottonseed oil cake prices in futures market.
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