Rising demand lifts cottonseed oil cake futures

Image
Press Trust of India New Delhi
Last Updated : Nov 07 2019 | 1:20 PM IST

Cottonseed oil cake prices on Thursday increased by Rs 26.5 at Rs 2,302 per quintal in futures trade due to accumulation of positions amid upbeat trend at the spot market.

On the National Commodity and Derivatives Exchange, cottonseed oil cake contracts for December delivery rose by Rs 26.5, or 1.16 per cent, at Rs 2,302 per quintal in 49,220 lots.

Cottonseed oil cake contracts for January gained Rs 1, or 0.05 per cent, at Rs 2,197 per quintal in 23,260 lots.

Marketmen said raising of positions by participants amid rising demand from cattle-feed makers mainly influenced 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: Nov 07 2019 | 1:20 PM IST

Next Story