Cottonseed oil cake futures rise on fresh bets

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New Delhi, Feb 15 (PTI) Cottonseed oil cake prices on Monday increased by Rs 17 to Rs 2,278 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 February traded up by Rs 17, or 0.75 per cent, to Rs 2,278 per quintal with an open interest of 18,800 lots.

For delivery in March cottonseed oil cake traded higher by Rs 15, or 0.66 per cent, to Rs 2,298 per quintal with an open interest of 1,28,240 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