Cottonseed oil cake futures rise on fresh bets

Cottonseed oil cake prices on Wednesday increased by Rs 43 to Rs 1,960 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 43, or 2.24 per cent, to Rs 1,960 per quintal with an open interest of 27,580 lots.

For delivery in January, cottonseed oil cake rose by Rs 28, or 1.45 per cent, to Rs 1,959 per quintal with an open interest of 10,150 lots.


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