Cottonseed oil cake futures goes up on short-covering

Image
Press Trust of India New Delhi
Last Updated : Jul 20 2017 | 1:13 PM IST
Cottonseed oil cake prices were higher by Rs 15 to Rs 1,611 per quintal in futures trading today after participants created positions amid short-covering at existing levels.
At the National Commodity and Derivative Exchange, the most-traded, delivery in August contracts moved up by Rs 15 or 0.94 per cent to Rs 1,611 per quintal, with an open interest of 1,00,750 lots.
Cottonseed oil cake for the immediate contract July month gained by Rs 2 or 0.12 per cent to Rs 1,727 per quintal, in an open interest of 3,790 lots.
Marketmen said a firm trend at the physical markets following tight supplies and covering-up of short positions by speculators, attributed the rise in cottonseed oilcake prices at futures trade 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: Jul 20 2017 | 1:13 PM IST

Next Story