Cottonseed oil cake futures rise on fresh bets

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New Delhi, Feb 18 (PTI) Cottonseed oil cake prices on Thursday increased by Rs 25 to Rs 2,352 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 March traded up by Rs 25, or 1.07 per cent, to Rs 2,352 per quintal with an open interest of 1,24,580 lots.

For delivery in April cottonseed oil cake traded higher by Rs 34, or 1.43 per cent, to Rs 2,404 per quintal with an open interest of 37,040 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