Cottonseed oil cake futures rise on fresh bets

New Delhi: Cottonseed oil cake prices on Friday increased by Rs 15 to Rs 1,819 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 up by Rs 15, or 0.83 per cent, to Rs 1,819 per quintal with an open interest of 18,540 lots.

For delivery in January cottonseed oil cake traded higher by Rs 10, or 0.55 per cent, to Rs 1,820 per quintal with an open interest of 3,380 lots.

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