Cottonseed oil cake futures rise on fresh bets

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New Delhi, Nov 17 (PTI) Cottonseed oil cake prices on Tuesday increased by Rs 1 to Rs 1,947 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 1, or 0.05 per cent, to Rs 1,947 per quintal with an open interest of 28,820 lots.

Marketmen said raising of positions by participants amid a rising demand from cattle-feed makers mainly influenced cottonseed oil cake prices here.

However, for delivery in January cottonseed oil cake traded lower by Rs 1, or 0.05 per cent, to Rs 1,952 per quintal with an open interest of 11,090 lots. PTI SRS SHW SHW