Cottonseed oil cake futures rise on fresh bets

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New Delhi, Nov 20 (PTI) Cottonseed oil cake prices on Friday increased by Rs 35 to Rs 2,054 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 35, or 1.73 per cent, to Rs 2,054 per quintal with an open interest of 32,520 lots.

For delivery in January cottonseed oil cake traded higher by Rs 34, or 1.67 per cent, to Rs 2,068 per quintal with an open interest of 14,680 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