Cottonseed oil cake futures rise on physical cues

Cottonseed oil cake prices strengthened by Rs 25.50 to Rs 1,759.50 per quintal in futures trade today on the widening of holdings by traders.

Marketmen mentioned the uplift to low stock positions amid brisk demand for animal feed makers in spot markets.

At the National Commodity and Derivatives Exchange platform, cottonseed oil cake delivery for September spurted by Rs 25.50 or 1.47 percent to Rs 1,759.50 per quintal, with a business turnover of 61,160 lots.

In line with the general trend, the delivery of the December contract too inched down by Rupee one or 0.06 percent to Rs 1,725.50 per quintal, showing an open interest of 48,980 lots.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)