Cottonseed oil cake futures rise on fresh bets

New Delhi: Cottonseed oil cake prices on Friday increased by Rs 15 to Rs 1,880 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 0.8 per cent, to Rs 1,880 per quintal with an open interest of 21,770 lots.

For delivery in January, cottonseed oil cake traded higher by Rs 18, or 0.96 per cent, to Rs 1,885 per quintal with an open interest of 4,280 lots.

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