Cottonseed oil cake futures rise on fresh bets

New Delhi, Jul 17 (PTI) Cottonseed oil cake prices on Monday rose Rs 28 to Rs 2,425 per quintal in futures trade as speculators created fresh positions amid higher demand.

On the National Commodity and Derivatives Exchange, cottonseed oil cake for July delivery traded up Rs 28 or 1.17 per cent at Rs 2,425 per quintal with an open interest of 2,440 lots.

Marketmen said the raising of positions by participants amid increasing demand for cattle feed mainly influenced cottonseed oil cake prices.