Cottonseed oilcake prices rose by another Rs 14 to Rs 2,211 per quintal in futures trading today as participants indulged in expanding their positions, tracking a firm trend at the spot markets.
At the National Commodity and Derivatives Exchange, cottonseed oilcake for delivery in February rose by Rs 14, or 0.64 per cent, to Rs 2,211 per quintal, in an open interest of 96,770 lots.
Also, cottonseed oilcake for delivery this month was trading higher by Rs 9, or 0.41 per cent, to Rs 2,182 per quintal, showing an open interest of 8,790 lots.
Marketmen attributed the rise in cottonseed oilcake prices at futures trade to widening of positions by participants amid a firm trend at the physical markets on strong demand.
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