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Cottonseed oil cake futures gain on fresh bets

Press Trust of India  |  New Delhi 

Cottonseed oil cake prices on Thursday gained 1.37 per cent to Rs 1,998 per quintal in futures trade due to creation of fresh positions by traders amid upbeat trend at the spot market.

On the National Commodity and Derivatives Exchange, cottonseed oil cake contracts for April delivery rose by Rs 27, or 1.37 per cent, to Rs 1,998 per quintal in 49,080 lots.

Cottonseed oil cake contracts for May gained Rs 23, or 1.15 per cent, to Rs 2,016 per quintal in 28,920 lots.

Marketmen said raising of positions by participants amid rising demand from cattle feed makers mainly influenced prices here.

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

First Published: Thu, March 26 2020. 14:26 IST