New Delhi, Cottonseed oil cake prices on Tuesday increased by Rs 164 to Rs 2,907 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 June traded up by Rs 164, or 5.98 per cent, to Rs 2,907 per quintal with an open interest of 4,120 lots.
Marketmen said raising of positions by participants amid a rising demand from cattle-feed makers mainly influenced cottonseed oil cake prices here.
For delivery in July cottonseed oil cake traded higher by Rs 142, or 4.98 per cent, to Rs 2,993 per quintal with an open interest of 86,420 lots. PTI