Cottonseed oil cake prices were higher by Rs 9 to Rs 1,484 per quintal in futures trade today as speculators indulged in enlarging their bets, buoyed by upbeat physical markets.
At the National Commodity and Derivative Exchange, cottonseed oil cake for delivery in December rose by Rs 0.61 per cent to Rs 1,484 per quintal, with an open interest of 68,170 lots.
Cottonseed oil cake for delivery in January next year also improved by Rs 8 or 0.54 per cent to Rs 1,500 per quintal, with the business turnover of 7,560 lots.
The rise in cottonseed oilcake at futures trade was mostly supported by widening of positions by participants, mostly driven by a firm trend at the spot markets on pick upin demand agaisnt tight supplies, traders said.
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