Cottonseed oilcake prices advanced by Rs 11 to Rs 1,932 per quintal in futures trade today after speculators increased their positions, taking cues from firm spot markets.
Marketmen said the rising kapas prices and pick up in demand from animal feed makers largely influenced cottonseed oilcake prices at futures trade here.
At the National Commodity and Derivative Exchange, cottonseed oilcake for delivery for delivery in January next year advanced by Rs 11 or 0.57 per cent to Rs 1,932 per quintal with an open interest of 45,540 lots.
Also, most-active December contracts edged higher by Rs 6 or 0.31 per cent to Rs 1,932 per quintal, in an open interest of 67,560 lots.
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