Cottonseed oil cake prices rose by ₹ 17.5 to ₹2,600 per quintal in futures trade Monday as speculators widened their bets amid a firm trend at the physical markets.
Marketmen said fresh positions created by participants, tracking a firm trend at the spot market on frantic demand against restricted supplies, kept cottonseed oil cake prices higher in futures trade.
At the National Commodity and Derivatives Exchange, cottonseed oil cake for delivery in August advanced by ₹17.5, or 0.68 per cent, to ₹2,600 per quintal with an open interest of 960 lots.
Cottonseed oil cake for delivery in June also went up by ₹25, or 0.98 per cent, to ₹2,571 per quintal with an open interest of 4,810 lots.