Cottonseed oil cake futures rise on fresh bets

Cottonseed oil cake prices on Tuesday increased by Rs 2 to Rs 3,027 per quintal in futures trade as speculators created fresh positions driven by a firm spot demand.

On the National Commodity and Derivatives Exchange, cottonseed oil cake for April delivery traded up by Rs 2 or 0.07 per cent to Rs 3,027 per quintal with an open interest of 5,910 lots.

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