(India Info Online)Cotton Seed oilcake futures are up today on short covering today, extending its recent bounce back. The futures had plummeted to seven week low of near Rs. 1110 per quintal in last week amid steady arrivals and a decent crushing activity. Weak global cues had also had a depressing effect.
All NCDEX Cotton Seed Oil Cake futures are up today. The benchmark NCDEX Dec 11 contract closed at 1176 Rs./Quintal, after hitting a high of 1181 Rs./Quintal. The contract pushed up by Rs. 34 or 2.98% during the session and dropped 6.95% in the open interest which stood at 52230 lots as against 56130 lots in last session.
The Jan 12 contract closed at 1191Rs./Quintal, after hitting a high of 1193 Rs./Quintal. The contract surged by Rs. 35 or 3.03% during the session and added 2.97% in the open interest which stood at 53380 lots as against 51840 lots in last session.
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