Cottonseed oil cake prices were higher by Rs 12 to Rs 1,660 per quintal in futures trading today after speculators created huge positions in sync with a firm trend at the physical markets.
Marketmen said a firm trend at the spot markets on tight supplies coupled with brisk demand, supported the upside in cottonseed oilcake prices in futures trade.
At the National Commodity and Derivative Exchange, cottonseed oil cake delivery for delivery in most-active August contracts advanced by Rs 12 or 0.73 per cent to Rs 1,660 per quintal, clocking an open interest of 89,110 lots.
Cottonseed for delivery this month contracts also edged up by Rs 4 or 0.23 per cent to Rs 1,724 per quintal, in an open interest of 66,180 lots.
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