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Cottonseed oil cake futures rise on fresh bets

December 19, 2020 by admin 0 Comments

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Cottonseed oil cake prices on Friday increased by Rs 10 to Rs 2,041 per quintal in futures trade as speculators created fresh positions driven by firm spot demand.

On the National Commodity and Derivatives Exchange, cottonseed oil cake for delivery in December traded up by Rs 10, or 0.49 per cent, to Rs 2,041 per quintal with an open interest of 2,850 lots.

For delivery in January cottonseed oil cake traded higher by Rs 10, or 0.49 per cent, to Rs 2,052 per quintal with an open interest of 71,400 lots.

Marketmen said raising of positions by participants amid a rising demand from cattle-feed makers mainly influenced cottonseed oil cake prices here.

This article was originally published by Indiatimes.com. Read the original article here.