Cottonseed oil cake futures rise on fresh bets

New Delhi, Jun 18 (PTI) Cottonseed oil cake prices on Thursday increased by Rs 31 to Rs 2,064 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 June traded up by Rs 31, or 1.52 per cent to Rs 2,064 per quintal with an open interest of 1,250 lots.

Likewise for delivery in July cottonseed oil cake traded higher by Rs 19, or 0.89 per cent, to Rs 2,160 per quintal with an open interest of 50,380 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