Cottonseed oil cake futures rise on fresh bets

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New Delhi, Mar 23 (PTI) Cottonseed oil cake prices on Tuesday increased by Rs 15 to Rs 2,415 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 15, or 0.63 per cent, to Rs 2,415 per quintal with an open interest of 1,09,900 lots.

For delivery in May, cottonseed oil cake gained Rs 18, or 0.74 per cent, to Rs 2,440 per quintal with an open interest of 34,500 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