Cottonseed oil cake futures up on positive spot cues

Cottonseed oil cake prices rose Rs 32 to Rs 1,543 per quintal in futures trade today as traders raised bets, supported by upbeat cues from physical markets.

Marketmen attributed the rise in cottonseed oil cake prices at futures trade to a firm trend at the domestic spot markets on the back of sturdy demand from animal feed makers amid tight position of ready stocks.

At the National Commodity and Derivatives Exchange, cottonseed oil cake for most-traded delivery in December strengthened by Rs 32 or 2.12 per cent to Rs 1,543 per quintal with an open interest of 68,390 lots.

Likewise, the delivery for the contract of January gained Rs 27, or 1.77 per cent, to Rs 1,555 per quintal, having an open interest of 7,900 lots.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)