Cottonseed oil cake futures rise on fresh bets

For delivery in January, cottonseed oil cake gained Rs 32, or 1.5 percent, to Rs 2,165 per quintal with an open interest of 19,020 lots.

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Cottonseed oil cake for delivery in December traded higher by Rs 31, or 1.47 per cent, to Rs 2,143 per quintal with an open interest of 36,500 lots.
Cottonseed oil cake prices on Thursday increased by Rs 31 to Rs 2,143 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 traded higher by Rs 31, or 1.47 per cent, to Rs 2,143 per quintal with an open interest of 36,500 lots.

For delivery in January, cottonseed oil cake gained Rs 32, or 1.5 per cent, to Rs 2,165 per quintal with an open interest of 19,020 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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