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Cottonseed Oil Cake Prices Up Amid Lower Availability

16 Jul 2019 4:09 pm
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 MUMBAI(Commoditiescontrol) – Cottonseed Oil Cake (CoC) prices rose in the spot markets in sync with the future price on short supply of the commodity.

It was quoted higher in Maharashtra and Madhya Pradesh. Prices remained unchanged in rest of the markets. For the week ahead, Khal prices are expected to increase by Rs 30-50 per quintal amid lower availability. Lower rainfall distribution in major cotton area coupled with increasing demand of CoC is likely to support prices in near term. 

On the National Commodity and Derivatives Exchange (NCDEX), cottonseed oil cake contracts for July delivery traded up by Rs. 40, or 1.38 per cent, to Rs. 2,945 per Quintal.

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