Cottonseed oil cake futures rise on fresh bets

New Delhi, Jun 5 (PTI) Cottonseed oil cake prices on Friday increased by Rs 44 to Rs 2,144 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 June traded up by Rs 44, or 2.1 per cent, to Rs 2,144 per quintal with an open interest of 23,330 lots.

Likewise, for delivery in July cottonseed oil cake traded higher by Rs 47, or 2.2 per cent, to Rs 2,182 per quintal with an open interest of 35,190 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