Cottonseed oil cake futures rise on fresh bets

New Delhi, Jul 1 (PTI) Cottonseed oil cake prices on Wednesday increased by Rs 50 to Rs 2,011 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 July traded up by Rs 50, or 2.55 per cent to Rs 2,011 per quintal with an open interest of 42,590 lots.

Likewise for delivery in August cottonseed oil cake traded higher by Rs 36, or 1.77 per cent, to Rs 2,074 per quintal with an open interest of 22,210 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