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Rising demand lifts cottonseed oil cake futures

Press Trust of India  |  New Delhi 

Cottonseed oil cake prices on Thursday increased by Rs 26.5 at Rs 2,302 per quintal in futures trade due to accumulation of positions amid upbeat trend at the spot market.

On the National Commodity and Derivatives Exchange, cottonseed oil cake contracts for December delivery rose by Rs 26.5, or 1.16 per cent, at Rs 2,302 per quintal in 49,220 lots.

Cottonseed oil cake contracts for January gained Rs 1, or 0.05 per cent, at Rs 2,197 per quintal in 23,260 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: Thu, November 07 2019. 13:20 IST