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Cottonseed oil cake futures up 2.36 pc on robust demand

Press Trust of India  |  New Delhi 

Cottonseed oil cake prices on Tuesday gained 2.36 per cent to Rs 1,867 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 43, or 2.36 per cent, to Rs 1,867 per quintal in 58,330 lots.

Cottonseed oil cake contracts for May gained Rs 39, or 2.11 per cent, to Rs 1,883 per quintal in 27,140 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: Tue, March 24 2020. 13:20 IST
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