Cottonseed oilcake up on fresh buying

Low arrivals led the traders to go on fresh buying

Cottonseed oilcake prices regained by Rs 12 to Rs 1,457 per quintal in futures trading today. Low levels of buying in the past and pick up in demand at the physical markets triggered the uptrend.

Marketmen said low arrivals in spot markets led the traders to go on fresh buying.

At the National Commodity and Derivatives Exchange, the March contract rose by Rs 12, or 0.83% to Rs 1,457 per quintal, with an open interest of 50,140 lots.

The January contract also added Rs 10, or 0.73% to Rs 1.387 per quintal, having an open interest of 91,510 lots.