Extending its winning run, cottonseed oilcake prices surged by another Rs 23 to Rs 2,110 per quintal in futures trading today back up by widening of bets by participants amid a firm trend at the spot markets.
At the National Commodity and Derivatives Exchange, cottonseed oilcake for delivery in January enquired higher by Rs 23, or 1.10 per cent, to Rs 2,110 per quintal, with an open interest of 57,290 lots.
Also, delivery in far-month February traded higher by Rs 24, or 1.13 per cent, to Rs 2,144 per quintal, with a business turnover of 48,570 open lots.
Marketmen said enlarging of positions by participants coupled with a firm trend at the spot markets, mainly influenced cottonseed oilcake prices at futures trade.
Disclaimer: No Business Standard Journalist was involved in creation of this content
