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Higher trend was seen on the forward cottonseed oilcake market on Monday in process of trading, dealers said. The July contract that had ended last week at Rs 1426.60 commenced with a rise of 20 paisa at Rs 1426.80. The July vaida matured today as the new January vaida was launched at Rs 1200.00. The next December vaida which ended at Rs 1315.90 opened with 30 pa paisa gain at Rs 1316.20 in process of slow trading, they said.

Copyright Business Recorder, 2011

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