Cottonseed oil cake futures climb on spot demand

Image
Press Trust of India New Delhi
Last Updated : Mar 03 2020 | 12:48 PM IST

Cottonseed oil cake prices on Tuesday traded up by Rs 59 to Rs 1,667 per quintal in futures trade as participants enlargened their positions in line with positive spot demand.

On the National Commodity and Derivatives Exchange, cottonseed oil cake for delivery in March traded higher by Rs 59, or 3.67 per cent, to Rs 1,667 per quintal with an open interest of 71,560 lots.

Likewise for delivery in April, cottonseed oil cake traded up by Rs 60, or 3.69 per cent, to Rs 1,688 per quintal with an open interest of 48,170 lots.

Marketmen said raising of positions by participants amid a rising demand from cattle-feed makers mainly influenced cottonseed oil cake prices here.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 03 2020 | 12:48 PM IST

Next Story