Cottonseed oil cake futures rise on spot demand

New Delhi, Jun 2 (PTI) Cottonseed oil cake prices on Tuesday increased by Rs 60 to Rs 2,068 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 June traded up by Rs 60, or 2.99 per cent, to Rs 2,068 per quintal with an open interest of 28,450 lots.

Likewise for delivery in July, cottonseed oil cake traded higher by Rs 60, or 2.97 per cent, to Rs 2,080 per quintal with an open interest of 27,140 lots.

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