Cottonseed oil cake futures rise on fresh bets

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New Delhi, Feb 5 (PTI) Cottonseed oil cake prices on Friday increased by Rs 55 to Rs 2,222 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 55, or 2.54 per cent, to Rs 2,222 per quintal with an open interest of 63,220 lots.

For delivery in March cottonseed oil cake gained Rs 60, or 2.74 per cent, to Rs 2,250 per quintal with an open interest of 83,570 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 RUJ RUJ