Cottonseed oil cake futures rise on fresh bets

New Delhi: Cottonseed oil cake prices on Monday increased by Rs 18 to Rs 1,932 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 18, or 0.94 per cent, to Rs 1,932 per quintal with an open interest of 25,270 lots.

For delivery in January, cottonseed oil cake gained Rs 16, or 0.83 per cent, to Rs 1,947 per quintal with an open interest of 10,880 lots.

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