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Cottonseed oil cake prices trading up

Cottonseed oil cake prices on Friday were trading up by Rs 9 to Rs 2,047 per quintal in futures trade after participants accumulated positions on spot demand.

On the National Commodity and Derivatives Exchange, cottonseed oil cake for delivery in December traded higher by Rs 9, or 0.44 per cent, at Rs 2,047 per quintal in an open interest of 19,830 lots.

Likewise for delivery in January, cottonseed oil cake was trading higher by Rs 16, or 0.78 per cent, at Rs 2,057 per quintal in an open interest of 53,340 lots.

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