NCDEX cotton seed oilcake gains on fresh buying

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MUMBAI (Commodity Online): Cotton seed oik cake futures rose Tuesday on fresh buying by the traders on the back of strong demand in the domestic markets.

In NCDEX cottonseed oil cake March contract in the afternoon session traded at Rs. 1230 per quintal, up by 1.65% against the previous close.Open interest of the contract is 91050 lots and volume traded is 41310 lots for the time being.

Thin supply and limited availability of the commodity in the domestic markets also supported the futures to trade higher.

Source: http://www.commodityonline.com/futures-trading/market-report/NCDEX-cotton-seed-oilcake-gains-on-fresh-buying-27395.html

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