Cottonseed oil cake futures rise on fresh bets

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New Delhi, Apr 15 (PTI) Cottonseed oil cake prices on Thursday increased by Rs 87 to Rs 2,736 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 87, or 3.28 per cent, to Rs 2,736 per quintal with an open interest of 760 lots.

For delivery in May cottonseed oil cake traded higher by Rs 78, or 2.92 per cent, to Rs 2,753 per quintal with an open interest of 1,27,100 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