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Cottonseed oil cake futures rise on fresh bets

New Delhi,  Cottonseed oil cake prices on Monday increased by Rs 125 to Rs 3,195 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 125, or 4.07 per cent, to Rs 3,195 per quintal with an open interest of 9,800 lots.

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