Cottonseed oil cake futures rise on fresh bets

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New Delhi, Apr 8 (PTI) Cottonseed oil cake prices on Thursday increased by Rs 22 to Rs 2,580 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 April traded up by Rs 22, or 0.86 per cent, to Rs 2,580 per quintal with an open interest of 35,250 lots.

For delivery in May cottonseed oil cake traded higher by Rs 19, or 0.73 per cent, to Rs 2,607 per quintal with an open interest of 1,07,790 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