Cottonseed oil cake futures rise on fresh bets

Cottonseed oil cake prices on Monday traded up by Rs 36 to Rs 1,883 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 May traded higher by Rs 36, or 1.95 per cent, to Rs 1,883 per quintal with an open interest of 39,670 lots. Likewise for delivery in June cottonseed oil cake traded higher by Rs 34, or 1.82 per cent, to Rs 1,907 per quintal with an open interest of 13,360 lots. Marketmen said raising of positions by participants amid a rising demand from cattle-feed makers mainly influenced cottonseed oil cake prices here. PTI