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Cottonseed oil cake futures recover on spot cues

Press Trust of India  |  New Delhi 

edged higher by Rs 20 to Rs 1,434 per in futures trade on buying back of positions at prevailing levels supported by emerging physical markets.

Market players said besides short covering by operators, pick up in demand for animal feed makers along fall in arrivals too pushed up oil cake futures prices.

At the National Commodity and Derivative Exchange counter, oilcake delivery for the immediate contract retrieved by Rs 20, or 1.41 per cent, to R 1,434 per quintal, with an open interest of 20,980 lots.

April delivery also improved by Rs 17, or 1.18 per cent, to Rs 1,458 per quintal, having the business turnover of 1,51,490 open lots.

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

First Published: Tue, March 13 2018. 12:20 IST
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