Cottonseed oil cake futures rise on fresh bets

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New Delhi, Feb 16 (PTI) Cottonseed oil cake prices on Tuesday increased by Rs 18 to Rs 2,270 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 18, or 0.8 per cent, to Rs 2,270 per quintal with an open interest of 7,960 lots.

For delivery in March cottonseed oil cake traded higher by Rs 17, or 0.75 per cent, to Rs 2,292 per quintal with an open interest of 1,25,990 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