Marketmen said fresh positions created by participants in sync with a firm trend at the physical markets on tight arrivals against increased offtake by consuming industries, led to the rise in cottonseed oilcake prices at futures trade.
At the National Commodity and Derivative Exchange, cottonseed oil cake to be delivered in September contracts gained Rs 23 or 1.59 per cent to Rs 1,469 per quintal, with the business turnover of 53,510 open lots.
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