Cottonseed oil cake prices were up 1.16 per cent to Rs 1,698 per quintal in futures trade Tuesday after investors accumulated fresh positions amid a firm trend at the physical markets.
Marketmen said raising of holdings by investors, driven by a firm trend at the physical markets on strong demand from animal feed makers against halt in supplies, supported the upside in cottonseed oil cake prices in futures market here.
At the National Commodity and Derivatives Exchange, cottonseed oil cake to be delivered this month rose by Rs 19.50 or 1.16 per cent to Rs 1,698 per quintal, with an open interest of 18,520 lots.
The delivery for the most-traded December month too marked up by Rs 9 or 0.52 per cent to Rs 1,743.50 per quintal, having a business turnover of 55,530 open interest lots.
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