Cottonseed oil cake futures rise on fresh bets

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New Delhi, Feb 17 (PTI) Cottonseed oil cake prices on Wednesday increased by Rs 22 to Rs 2,313 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 22, or 1 per cent, to Rs 2,313 per quintal with an open interest of 1,26,010 lots.

For delivery in April cottonseed oil cake traded higher by Rs 22, or 0.95 per cent, to Rs 2,340 per quintal with an open interest of 35,880 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