Cottonseed oil cake futures rise on fresh bets

New Delhi, Jan 16 (PTI) Cottonseed oil cake prices on Thursday edged up by Rs 2 to Rs 2,079 per quintal in futures trade due to accumulation of positions by traders amid upbeat trend at spot market.

On the National Commodity and Derivatives Exchange, cottonseed oil cake contracts for February delivery rose by Rs 2, or 0.10 per cent, to Rs 2,079 per quintal in 95,600 lots.

Cottonseed oil cake contracts for March also rose by Rs 2, or 0.10 per cent, to Rs 2,106 per quintal in 13,840 lots.

Marketmen said raising of positions by participants amid rising demand from cattlefeed makers mainly influenced prices here. PTI SHW RVK