Cottonseed oil cake futures rise on fresh bets

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New Delhi, Feb 1 (PTI) Cottonseed oil cake prices on Monday increased by Rs 34 to Rs 2,113 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 February traded up by Rs 34, or 1.64 per cent, to Rs 2,113 per quintal with an open interest of 86,670 lots.

For delivery in March cottonseed oil cake traded higher by Rs 33, or 1.57 per cent, to Rs 2,137 per quintal with an open interest of 60,450 lots.

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