Cottonseed oilcake prices edged higher by Rs 10 to Rs 2,264 per quintal in futures trading today after participants enlarged their positions amid a firm trend at the physical markets.
At the National Commodity and Derivatives Exchange, cottonseed oilcake delivery for February edged up by Rs 10, or 0.44 per cent, to Rs 2,264 per quintal, with an open interest of 74,540 lots.
Likewise, cottonseed oilcake for delivery in far-month March rose by a similar margin to trade at Rs 2,295 per quintal, with a business turnover of 47,210 lots.
Marketmen attributed rise in cottonseed oilcake prices at futures trade to widening of positions by speculators at existing levels and a firm trend at the physical market.
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