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Cottonseed oil cake futures up on spot demand

Feb 25, 2020, 14:02 IST

PTI

New Delhi, Feb 25 () Cottonseed oil cake prices on Tuesday traded up by Rs 21 to Rs 1,631 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 March traded higher by Rs 21, or 1.30 per cent, to Rs 1,631 per quintal with an open interest of 89,630 lots.

Likewise for delivery in April cottonseed oil cake traded higher by Rs 20, or 1.22 per cent, to Rs 1,654 per quintal with an open interest of 28,290 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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