Cottonseed oilcake prices were higher by Rs 30 to Rs 1,624 per quintal in futures trade today on optimistic buying by participants on the back of robust demand in spot market.
According to marketmen, raising of positions by participants, driven by a firm trend at the spot markets on strong demand, mainly influenced cottonseed oilcake prices in futures trade.
At the National Commodity and Derivatives Exchange, cottonseed oilcake for delivery in August spurted by Rs 30, or 1.88 per cent, to Rs 1,624 per quintal, clocking an open interest of 89,140 lots.
Cottonseed for delivery in current month too surged by Rs 9, or Rs 1,715 per quintal, having an open interest of 73,390 lots.
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