Cottonseed oilcake prices retook Rs 17 to Rs 2,189 per quintal in future trading today following revival of buying at prevailing levels, driven by emerging physical markets.
Marketmen said besides short covering by participants, pick up in demand and short supply on existing levels in spot markets mainly influenced prices here in future trading.
At the National Commodity and Derivative Exchange platform, cottonseed oilcake delivery for the most active second contract February month regained Rs 17 or 0.78 per cent to Rs 2,189 per quintal, with an open interest of 94,600 lots.
And, the delivery for current January month contract recaptured by Rs 16 or 0.74 per cent to Rs 2,166 per quintal, with the business turnover of 3,380 open lots.
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