Sharp price rise was seen on the forward cottonseed oilcake market on Friday. As there was panic buying on anticipation of rise in the current rates, dealers said.
The January vaida was unchanged at Rs 597.00. Later, it gained Rs 22.00 to be day's best at Rs 619.00 and market settled at the same rates. During the day, it lost Rs 4.00 to be day's bottom at Rs 615.00 due to falling demand, they added.
The March vaida commenced unchanged at Rs 623.00. In process of trading, it picked up Rs 12 to be day's best at Rs 635.00. Later, it shed Rs 9.00 to be day's lowest at Rs 626.00 and closing was seen at Rs 534.50, they said.
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JANUARY VAIDA
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Last closing Rs 597.00
Friday's opening Rs 597.00
Highest Rs 619.00
Lowest Rs 515.00
Closing Rs 619.00
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MARCH VAIDA
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Last closing Rs 623.00
Friday's opening Rs 623.00
Highest Rs 635.00
Lowest Rs 626.00
Closing Rs 634.50
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