Cottonseed oil cake prices rose by Rs 8.50 to Rs 1,320 per quintal in futures trade today as participants raised bets amid a firm trend at the physical market on strong demand.
Marketmen said the rise in cottonseed oil cake prices was attributing to raising of bets by participants, triggered by robust demand from animal feed makers amid shortage of ready stocks in the spot markets.
At the National Commodity and Derivatives Exchange, cottonseed oil cake delivery for delivery in the current month contracts moved up by Rs 8.50, or 0.65 per cent, to Rs 1,320 per quintal with an open interest of 4,800 lots.
Similarly, the most-traded delivery in June contracts was up by Rs 6.50, or 0.50 per cent, to Rs 1,303 per quintal with an open interest of 1,69,680 lots.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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