Cottonseed oilcake futures were trading higher by Rs 24 to Rs 2,054 per quintal today as speculators widened their positions amid a firming trend at the physical markets.
At the National Commodity and Derivative Exchange, cottonseed oilcake for delivery in most-active March contracts climbed Rs 24, or 1.18 per cent to Rs 2,054 per quintal, with an open interest of 87,690 lots.
Also, delivery in current month contracts was up by Rs 22, or 1.07 per cent to Rs 2,075 per quintal, in an open interest of 23,200 lots.
Marketmen attributed rise in cottonseed oilcake futures to enlarging of positions by participants, tracking a firming trend at the spot markets.
