Cottonseed oil cake futures up on spot demand

Cottonseed oil cake prices strengthened by Rs 14 to Rs 1,566 per quintal in futures trade today as traders enlarged positions in line with a firming trend at the spot markets on an uptick in demand.

Marketmen said expanding of positions by participants, driven by a firm trends t the physical markets following a spurt in demand from animal feed makers, mainly influenced cottonseed oil cake prices at futures trade here.

At the National Commodity and Derivative Exchange counter, cottonseed oil cake for delivery January improved by Rs 14 or 0.90 per cent to Rs 1,566 per quintal, clocking an open interest of 22,670 lots.

Also, the delivery of most-traded December rose by Rs 13 or 0.84 per cent to Rs 1,553 per quintal, having open interest of 78,660 lots.

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