Cottonseed oil cake futures rise on fresh bets

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New Delhi, Apr 12 (PTI) Cottonseed oil cake prices on Monday increased by Rs 19 to Rs 2,706 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 19, or 0.58 per cent, to Rs 2,706 per quintal with an open interest of 14,320 lots.

For delivery in May cottonseed oil cake traded higher by Rs 13, or 0.48 per cent, to Rs 2,724 per quintal with an open interest of 1,24,560 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