Cottonseed oilcake futures up by Rs 25 per quintal

NEW DELHI: Cottonseed oilcake prices resumed higher by Rs 25 to Rs 2,327 per quintal in future trading today following aggressive buying by speculators in line with firm physical market sentiment.

Marketmen mentioned rise in cottonseed oilcake prices to tight stock position following less arrivals, sparked by strong demand in spot markets.

At the National Commodity and Derivative Exchange, cottonseed oilcake delivery for second contract July spurted by Rs 25, or 1.09 per cent, to Rs 2,327 per quintal, having an open interest of 33,740 lots.

Similarly, most active first contract June delivery surged by Rs 14, or 0.79 per cent, to Rs 2,302 per quintal, clocking an open interest of 52,890 lots.