Cottonseed futures up on increased buying
The National Commodity and Derivatives Exchange, cottonseed for March contract rose Rs 10 or 0.77 per cent.
By PTI | Updated:
NEW DELHI: Cottonseed oilcake prices improved by Rs 10 to Rs 1,316 per quintal in future trading on Thursday following increased buying by traders in line with firm spot markets sentiment.
Marketmen said, increased buying by traders, driven by restricted supply and pick up in demand at physical markets, boosted future prices.
At the National Commodity and Derivatives Exchange, cottonseed for March contract rose Rs 10 or 0.77 per cent to Rs 1,316 per quintal, in an open interest of 1,29,530 lots.
Current February month contract too moved up by Rs 9 or 0.70 per cent to Rs 1,290 per quintal, clocking an open interest of 23,310 lots.
Marketmen said, increased buying by traders, driven by restricted supply and pick up in demand at physical markets, boosted future prices.
At the National Commodity and Derivatives Exchange, cottonseed for March contract rose Rs 10 or 0.77 per cent to Rs 1,316 per quintal, in an open interest of 1,29,530 lots.
Current February month contract too moved up by Rs 9 or 0.70 per cent to Rs 1,290 per quintal, clocking an open interest of 23,310 lots.
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