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Cottonseed oil cake futures rebound on value buying

Press Trust of India  |  New Delhi 

Cottonseed cake prices rose Rs 17 to Rs 1,783 per in futures trade today after speculators resumed their buying activity at existing levels amid pick up in physical demand.

At the National Commodity and Derivative Exchange, cottonseed cake for delivery in February contracts improved by Rs 17, or 0.96 per cent, to Rs 1,783 per with a business turnover in 84,340 open lots.

Likewise, cottonseed cake for delivery this month increased Rs 12.50, or 0.71 per cent, to Rs 1,764 per with an open interest of 24,480 lots.

Marketmen said besides covering of positions by operators at current levels, pick up in spot demand from animal feed makers amid tight supplies influenced the upward trend.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 10 2018. 12:30 IST