Cottonseed oilcake prices firmed up by Rs 66 to Rs 2,059 per quintal in future trading today following strong spot demand amid less arrivals in spot markets.
At the National Commodity and Derivatives Exchange, cottonseed oilcake for delivery in January month shot up by Rs 66, or 3.31 per cent to Rs 2,059 per quintal, with an open interest of 75,550 lots.
Second contract also spurted by Rs 60, or 2.99 per cent to Rs 2,069 per quintal, having an open interest of 59,130 lots.
Marketmen attributed rise in cottonseed futures to strong demand at the physical markets amid thin arrivals.
