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Cottonseed oil cake futures rise on fresh bets

New Delhi,  Cottonseed oil cake prices on Monday increased by Rs 65 to Rs 2,072 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 January traded up by Rs 65, or 3.24 per cent, to Rs 2,072 per quintal with an open interest of 58,880 lots.

For delivery in February cottonseed oil cake traded higher by Rs 64, or 3.14 per cent, to Rs 2,100 per quintal with an open interest of 42,030 lots.

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