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Cottonseed oilcake futures up by Rs 12.50 per quintal

Press Trust of India  |  New Delhi 

Cottonseed cake prices rose by Rs 12.50 to Rs 1,637 per quintal in futures trading today as participants accumulated positions amid a firm trend at the physical markets.

At the National Commodity and Derivative Exchange counter, cottonseed cake for most-traded delivery in January contracts hardened by Rs 12.50 or 0.77 per cent to Rs 1,637 per quintal, with an open interest of 80,070 lots.

Cottonseed oilcake to be delivered this month also gained Rs 8.50 or 0.53 per cent to Rs 1,615 per quintal, having an open interest of 13,910 lots.

Marketmen said widening of positions by speculator backed by a firm trend at the physical markets mainly supported the upside in cottonseed cake futures prices .

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

First Published: Fri, December 08 2017. 12:10 IST