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Cottonseed oil cake prices traded up

Cottonseed oil cake prices on Friday traded up by Rs 59 to Rs 1,866 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 March traded higher by Rs 59, or 3.27 per cent, to Rs 1,866 per quintal with an open interest of 44,520 lots.

Likewise for delivery in April, cottonseed oil cake gained Rs 53, or 2.9 per cent, to Rs 1,883 per quintal with an openinterest of 57,500 lots.

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