Cottonseed oil cake futures rise on fresh bets

Cottonseed oil cake prices on Thursday increased Rs 36 to Rs 2,556 per quintal in the futures trade as speculators created fresh positions driven by a firm spot demand.

On the National Commodity and Derivatives Exchange, cottonseed oil cake for delivery in May traded up by Rs 36, or 1.43 per cent, to Rs 2,556 per quintal with an open interest of 92,540 lots.

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