Cottonseed oil cake futures rise on fresh bets

New Delhi, Feb 14 () Cottonseed oil cake prices on Friday traded up by Rs 26 to Rs 1,805 per quintal in futures trade after speculators created fresh positions on spot demand.

On the National Commodity and Derivatives Exchange, cottonseed oil cake for delivery in February traded higher by Rs 26, or 1.46 per cent, to Rs 1,805 per quintal with an open interest of 18,550 lots.

Likewise for delivery in March cottonseed oil cake traded higher by Rs 23, or 1.28 per cent at Rs 1,823 per quintal with an open interest of 81,390 lots.

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

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