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Easier trend re-entered the forward cottonseed oilcake market on Tuesday as most of the buyers remained on the sidelines for lack of interest, dealers said.

The Decmber vaida opened at Rs 447.40 and that proved to be day's best at the same level, they said. Later, it shed Rs 1.50 to be day's bottom at Rs 445.90 and market settled at Rs 446.00.

The next January vaida started at Rs 448.50 and this proved to be day's best at the same level.

In the process of business, it shed rupee one to be day's lowest at Rs 447.50 and closing was seen at the same level, dealers said.





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DECEMBER VAIDA

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Last closing Rs 446.80

Tuesday's opening Rs 447.40

Highest Rs 447.40

Lowest Rs 445.90

Closing Rs 446.00

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JANUARY VAIDA

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Last closing Rs 448.50

Tuesday's opening Rs 448.50

Highest Rs 448.50

Lowest Rs 447.50

Closing Rs 447.50

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Copyright Business Recorder, 2005


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