Cottonseed oil cake futures rise on fresh bets

·1-min read

New Delhi, Nov 4 (PTI) Cottonseed oil cake prices on Wednesday increased by Rs 27 to Rs 1,849 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 27, or 1.48 per cent, to Rs 1,849 per quintal with an open interest of 26,400 lots.

For delivery in January, cottonseed oil cake traded higher by Rs 24, or 1.31 per cent, to Rs 1,864 per quintal with an open interest of 8,820 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