Cottonseed oil cake futures rise on fresh bets

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New Delhi, Feb 11 (PTI) Cottonseed oil cake prices on Thursday increased by Rs 5 to Rs 2,267 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 5, or 0.22 per cent, to Rs 2,267 per quintal with an open interest of 31,290 lots.

For delivery in March cottonseed oil cake traded higher by Rs 3, or 0.13 per cent, to Rs 2,289 per quintal with an open interest of 1,11,650 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 SHW SHW