Cottonseed oil cake futures gain on spot demand

Cottonseed oil cake prices rose by Rs 30 to Rs 2,789 per quintal in futures trade Wednesday tracking a positive trend at the spot market.

On the National Commodity and Derivatives Exchange, cottonseed oil cake to be delivered in July contracts went up by Rs 30, or 1.09 per cent, to Rs 2,789 per quintal with an open interest of 51,670 lots.

The rate for August delivery contracts, however, fell by Rs 9.5, or 0.34 per cent, to Rs 2,757 per quintal in 32,150 business lots.