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Cottonseed oil cake futures climb 1.28%

Press Trust of India  |  New Delhi 

rallied 1.28 per cent to Rs 1,739 per in futures trade today on widened bets by traders, propelled by robust physical market sentiment.

Marketmen said shortage of ready stocks due to pause in supplies, triggered by heavy buying by animal feed makers in the spot markets, buoyed the towards upside.

At the National Commodity and Derivatives Exchange, oil cake delivery for the current contract August shot up by Rs 22, or 1.28 per cent, to Rs 1,739 per with an open interest of 18,950 lots.

In line with the general trend, delivery of September contract also jumped up by Rs 20, or 1.14 per cent, to Rs 1,781.50 per quintal, clocking an open interest of 1,24,130 lots.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, August 10 2018. 12:30 IST