Cottonseed futures up on heavy spot demand
Cottonseed oilcake prices firmed up by Rs 17 to Rs 1,160 per quintal in the future trade today on heavy buying by traders in line with a firm domestic market sentiment.
Marketmen said restricted supply and rising demand in physical markets, mainly led to the cottonseed oil-cake price rise here.
At the National Commodity and Derivatives Exchange, cottonseed oilcake prices for most active October contract climbed by Rs 17, or 1.49% to Rs 1,160 per quintal in an open interest of 32,730 lots.
The September contract also gained Rs 9, or 0.66% to Rs 1,377 per quintal, in an open interest of 12,180 lots.