Cottonseed oil cake futures rise on fresh bets

For delivery in January, cottonseed oil cake traded higher by Rs 82, or 4 percent, to Rs 2,133 per quintal with an open interest of 17,600 lots.

Agencies
Cottonseed oil cake for delivery in December rose by Rs 81, or 3.99 per cent, to Rs 2,112 per quintal with an open interest of 31,950 lots.
Cottonseed oil cake prices on Wednesday increased by Rs 81 to Rs 2,112 per quintal in futures trade as speculators created fresh positions driven by firm spot demand.

On the National Commodity and Derivatives Exchange, cottonseed oil cake for delivery in December rose by Rs 81, or 3.99 per cent, to Rs 2,112 per quintal with an open interest of 31,950 lots.

For delivery in January, cottonseed oil cake traded higher by Rs 82, or 4 per cent, to Rs 2,133 per quintal with an open interest of 17,600 lots.


Marketmen said raising of positions by participants amid a rising demand from cattle-feed makers mainly influenced cottonseed oil cake prices here.
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