Cottonseed oil cake futures rise on fresh bets

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Cottonseed oil cake futures rise on fresh bets
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Synopsis

On the National Commodity and Derivatives Exchange, cottonseed oil cake for delivery in June traded up by Rs 10, or 0.34 per cent, to Rs 2,920 per quintal with an open interest of 46,650 lots.

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

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NEW DELHI: Cottonseed oil cake prices on Tuesday increased by Rs 10 to Rs 2,920 per quintal in futures trade as speculators created fresh positions driven by firm spot demand.

On the National Commodity and Derivatives Exchange, cottonseed oil cake for delivery in June traded up by Rs 10, or 0.34 per cent, to Rs 2,920 per quintal with an open interest of 46,650 lots.

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

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