Cottonseed oilcake prices firmed up by Rs 29 to Rs 1,878 per quintal in futures trading today on fresh buying by participants amidst firm physical markets sentiment.
At the National Commodity and Derivatives Exchange, cottonseed for delivery in June contracts spurted by Rs 29, or 1.57 per cent, to Rs 1,878 per quintal, clocking an open interest of 70,690 lots.
Meanwhile, first contract for May hardened by Rs 28, or 1.54 per cent to Rs 1,846 per quintal, in an open interest of 51,280 lots.
Marketmen said fresh positions built up by speculators, taking positive cues from spot markets sentiment on tight position of stocks, influenced cottonseed oilcake prices at futures trade.
