Cottonseed oil cake futures rise on fresh bets

Cottonseed oil cake prices on Monday increased by Rs 45 to Rs 2,149 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 February gained Rs 45, or 2.14 per cent, to Rs 2,149 per quintal with an open interest of 90,000 lots.

For delivery in March, cottonseed oil cake traded higher by similar margins to Rs 2,176 per quintal with an open interest of 39,570 lots.


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