Cottonseed oil cake futures rise on fresh bets

New Delhi, May 15 (PTI) Cottonseed oil cake prices on Friday increased by Rs 21 to Rs 1,993 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 21, or 1.06 per cent to Rs 1,993 per quintal with an open interest of 2,350 lots.

Likewise for delivery in June cottonseed oil cake traded higher by Rs 34, or 1.72 per cent, to Rs 2,015 per quintal with an open interest of 48,970 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