Cottonseed oil cake futures rise on upbeat demand

Cottonseed oil cake prices rose by Rs 12.5 to Rs 2,860 per quintal in futures trade Monday after tracking positive trend at the spot market.

On the National Commodity and Derivatives Exchange, cottonseed oil cake to be delivered in July contracts rose by Rs 12.5, or 0.44 per cent, to Rs 2,860 per quintal with an open interest of 64,950 lots.

Besides, the rates for the August contracts were up by Rs 13.5, or 0.47 per cent, to Rs 2,904 per quintal with an open interest of 20,420 lots.