Cottonseed futures costs rise due to new bets

Cottonseed futures costs rise due to new bets

1970-01-01T05: 30: 00 + 0530

New Delhi, April 19 (PTI) On Monday, cotton meal costs rose 4 rupees to 2,770 rupees per hundredweight in futures buying and selling as speculators created new positions pushed by agency spot demand.

On the Nationwide Commodity and Derivatives Change, cottonseed meal for supply in Might traded 4 rupees, or 0.14 p.c at 2,770 rupees per hundredweight, with open curiosity of 1,23660 tons.

For a June supply, the cottonseed meal traded greater by Rs 3, or 0.11 p.c, at Rs 2,840 per hundredweight with open curiosity of 17,540 tons.

Merchants mentioned that rising individuals’ positions within the face of rising demand from feed producers primarily influenced cotton meal costs right here. PTI SRS SHW SHW

Warning :- This story has not been edited by Outlook workers and is auto-generated from information company feeds. Supply: PTI

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