Cottonseed oil cake futures rise on fresh bets

·1-min read

New Delhi, Nov 3 (PTI) Cottonseed oil cake prices on Tuesday increased by Rs 9 to Rs 1,805 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 December traded up by Rs 9, or 0.5 per cent, to Rs 1,805 per quintal with an open interest of 28,360 lots.

For delivery in January cottonseed oil cake traded higher by Rs 18, or 1 per cent, to Rs 1,824 per quintal with an open interest of 8,150 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