Cottonseed oilcake prices were higher by Rs 37 to Rs 2,212 per quintal in futures trading today after participants enlarged positions at prevailing levels amid a firm trend at the physical markets.
At the National Commodity and Derivative Exchange, cottonseed oilcake for delivery this month traded higher by Rs 37 or 1.70 per cent to Rs 2,212 per quintal, in an open interest of 2,720 lots.
The most-active delivery in February month were higher by Rs 27 or 1.22 per cent to Rs 2,237 per quintal, with the business turnover of 96,400 open lots.
Marketmen said apart from a firm trend at the spot market on the back of pick up in demand, covering up of positions by speculators, mainly supported uptrend in future trading.
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