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Cottonseed oilcake futures gain on spot cues

Press Trust of India  |  New Delhi 

Cottonseed cake prices rose by another Rs 23 to Rs 1,429 per quintal in futures trade today as operators expanded their bets on the back of strong sentiments at the physical markets.

Marketmen said a firm trend at the domestic spot markets following increased demand from animal feed makers mainly influenced cottonseed oilcake prices in futures trade here.

In futures trading at the National Commodity and Derivative Exchange, cottonseed cake for delivery in August spurted by Rs 23 or 1.64 per cent to Rs 1,429 per quintal, with an open interest of 46,950 lots.

The delivery for the most active second contract September also gained Rs 12 or 0.83 per cent to Rs 1,452 per quintal, having an open interest of 77,300 lots.

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

First Published: Thu, August 10 2017. 12:48 IST