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Cottonseed oil cake futures rise

New Delhi, Cottonseed oil cake prices on Wednesday increased by Rs 37 to Rs 2,901 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 August traded up by Rs 37, or 1.29 per cent, to Rs 2,901 per quintal with an open interest of 51,800 lots.

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