Cottonseed oil futures rise on high demand

New Delhi, Sep 3 (PTI) Cottonseed oil cake prices on Tuesday rose Rs 9 to Rs 2,994 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 December delivery traded higher by Rs 9 or 0.30 per cent at Rs 2,994 per quintal with an open interest of 9,970 lots.

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