Cottonseed oilcake rises by Rs 42 per quintal

New Delhi, Cottonseed oilcake prices strengthened by Rs 42 to Rs 2,725 per quintal in futures trade today after participants widened positions amid a firm trend at the physical markets.

 At the National Commodity and Derivatives Exchange, cottonseed oilcake for delivery in current month advanced by Rs 42, or 1.57 per cent to Rs 2,725 per quintal, with an open interest of 23,700 lots.

Also, most-active second contract December delivery spurted by Rs 42, or 2.11 per ent to Rs 2,029 per quintal, with the business turnover of 66,080 open lots.

Marketmen said expanding of positions by participants amid a firm trend at the spot markets and reports of fall in output this year, influenced cotonseed oilcake prices at futures trade here.