Cottonseed oil cake futures rise on fresh bets

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New Delhi, Jan 1 (PTI) Cottonseed oil cake prices on Friday increased by Rs 9 to Rs 2,012 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 January traded up by Rs 9, or 0.45 per cent, to Rs 2,012 per quintal with an open interest of 63,940 lots.

For delivery in February cottonseed oil cake traded higher by Rs 10, or 0.49 per cent, to Rs 2,037 per quintal with an open interest of 34,180 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