New Delhi, Nov 10 (PTI) Cottonseed oil prices were higherby Rs 12 to Rs 1,554 per quintal in futures trade today afterparticipants accumulated positions, triggered by a firm trendat the physical markets.
Marketmen said fresh positions created by operatorsfollowing rising price in physical markets on tight suppliesagainst rising demand from animal feed makers, influencedcottonseed oilcake prices in futures market here.
At the National Commodity and Derivative Exchange,cottonseed oil cake for delivery in January rose by Rs 12 or0.78 per cent to Rs 1,554 per quintal, with an open interestof 20,310 lots.
Cottonseed to be delivered in December also improved byRs 11 or 0.72 percent to Rs 1,541 per quintal, having an openinterest of 81,650 lots. PTI SDG SUN ADIMKJ.
This is unedited, unformatted feed from the Press Trust of India wire.