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Cottonseed oil cake futures up spot demand

Press Trust of India  |  New Delhi 

cake prices rose by Rs 8.50 to Rs 1,320 per in futures trade today as participants raised bets amid a firm trend at the physical market on strong demand.

Marketmen said the rise in cake prices was attributing to raising of bets by participants, triggered by robust demand from animal feed makers amid shortage of ready stocks in the spot markets.

At the National Commodity and Derivatives Exchange, cake delivery for delivery in the current month contracts moved up by Rs 8.50, or 0.65 per cent, to Rs 1,320 per with an open interest of 4,800 lots.

Similarly, the most-traded delivery in June contracts was up by Rs 6.50, or 0.50 per cent, to Rs 1,303 per with an open interest of 1,69,680 lots.

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

First Published: Fri, May 18 2018. 12:15 IST