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Cottonseed oil cake futures rise on spot demand

New Delhi, Cottonseed oil cake prices increased by Rs 18 at Rs 2,272.5 per quintal in futures trade on Friday due to accumulation of positions amid upbeat trend at the spot market.
On the National Commodity and Derivatives Exchange, cottonseed oil cake contracts for December delivery rose by Rs 18, or 0.80 per cent, at Rs 2,272.5 per quintal in 54,700 lots.

Cottonseed oil cake contracts for January next year gained Rs 26, or 1.2 per cent, at Rs 2,189 per quintal in 21,290 lots.

Marketmen said raising of positions by participants amid rising demand from cattle-feed makers mainly influenced prices here. 

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