Cottonseed oil cake futures rise on fresh bets

New Delhi: Cottonseed oil cake prices on Wednesday increased by Rs 14 to Rs 1,835 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 14, or 0.77 per cent, to Rs 1,835 per quintal with an open interest of 24,370 lots.

For delivery in January, cottonseed oil cake traded higher by Rs 18, or 0.98 per cent, to Rs 1,850 per quintal with an open interest of 6,150 lots.

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