Cottonseed oil cake futures jump on robust demand

New Delhi, Feb 4 () Cottonseed oil cake prices on Tuesday jumped by Rs 4 to Rs 1,757 per quintal in futures trade due to accumulation of positions amid upbeat trend in spot market.

On the National Commodity and Derivatives Exchange, cottonseed oil cake contracts for February delivery rose by Rs 4, or 0.23 per cent, to Rs 1,757 per quintal in 48,050 lots.

Cottonseed oil cake contracts for March gained Rs 6, or 0.34 per cent, to Rs 1,777 per quintal in 64,650 lots.

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

(This story has not been edited by Business Insider and is auto-generated from a syndicated feed we subscribe to.)

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