Cottonseed oil cake futures rise on fresh bets

New Delhi, Aug 29 (PTI) Cottonseed oil cake prices on Thursday rose Rs 36 to Rs 3,534 per quintal in futures trade as speculators created fresh positions amid a higher demand.

On the National Commodity and Derivatives Exchange, cottonseed oil cake for September delivery traded higher by Rs 36 or 1.02 per cent at Rs 3,534 per quintal with an open interest of 24,300 lots.

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