Cottonseed oilcake futures up on positive spot cues

Cottonseed oil cake futures firmed up by Rs 10 to Rs 1,514 per quintal today as participants raised bets after positive cues from spot markets.

Marketmen said a firming trend at physical markets on robust demand from cattle feed makers influenced cottonseed oilcake prices at futures trade.

At the National Commodity and Derivative Exchange, the most traded September contract hardened by Rs 10 or 0.66 per cent to Rs 1,514 per quintal, with business turnover of 92,140 lots.

The December contract also edged up by Rs 4 or 0.25 per cent to Rs 1,583 per quintal, having an open interest of 25,800 lots.

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