mandi bhav of india

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Cottonseed oil cake futures up on spot demand

New Delhi,  Cottonseed oil cake prices on Thursday were trading up by Rs 56 to Rs 3,160.0 per quintal in futures trade after speculators created fresh positions on spot demand.

On the National Commodity and Derivatives Exchange, cottonseed oil cake for delivery in FEB traded higher by Rs 56, or 1.81 per cent, at Rs 3,160.0 per quintal with an open interest of 34940 lots.

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