mandi bhav of india

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Cottonseed oil cake futures up on spot demand

New Delhi,  Cottonseed oil cake prices on Friday were trading up by Rs 44 to Rs 3,249.0per 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 March traded higher by Rs 44, or 1.46 per cent, at Rs 3,249.0 per quintal with an open interest of 98,370 lots.

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