Cottonseed oil cake futures rise on fresh bets

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New Delhi, Mar 12 (PTI) Cottonseed oil cake prices on Friday increased by Rs 12 to Rs 2,302 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 March traded up by Rs 12, or 0.64 per cent, to Rs 2,302 per quintal with an open interest of 26,220 lots.

Cottonseed oil cake for April traded higher by Rs 17, or 0.73 per cent, to Rs 2,330 per quintal with an open interest of 1,23,210 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 RUJ RUJ