Cottonseed oil cake futures rise on fresh bets

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New Delhi, Mar 30 (PTI) Cottonseed oil cake prices on Tuesday increased by Rs 24 to Rs 2,390 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 April traded up by Rs 24, or 1.01 per cent, to Rs 2,390 per quintal with an open interest of 93,940 lots.

For delivery in May cottonseed oil cake traded higher by Rs 25, or 1.05 per cent, to Rs 2,415 per quintal with an open interest of 51,210 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