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Cottonseed oil cake futures strengthen on fresh bets

Press Trust of India  |  New Delhi 

Cottonseed oil cake prices on Friday were trading up by Rs 17 to Rs 1,942 per quintal in futures trade after participants accumulated positions on spot demand.

On the National Commodity and Derivatives Exchange, cottonseed oil cake for delivery in December traded higher by Rs 17, or 0.88 per cent, at Rs 1,942 per quintal in an open interest of 30,410 lots.

Likewise for delivery in January, cottonseed oil cake was trading higher by Rs 16, or 0.82 per cent, at Rs 1,966 per quintal in an open interest of lots of 53,090.

Marketmen said raising of positions by participants amid a rising demand from cattle-feed makers mainly influenced cottonseed oil cake prices here.

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

First Published: Fri, December 06 2019. 13:35 IST