Cottonseed oil cake futures rise on fresh bets

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New Delhi, Apr 16 (PTI) Cottonseed oil cake prices on Friday increased by Rs 28 to Rs 2,783 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 May traded up by Rs 28, or 1.04 per cent, to Rs 2,783 per quintal with an open interest of 1,24,680 lots.

For delivery in June cottonseed oil cake traded higher by Rs 32, or 1.14 per cent, to Rs 2,753 per quintal with an open interest of 14,030 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