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Cottonseed oil cake futures gain on spot demand

Feb 6, 2020, 12:50 IST

PTI

New Delhi, Feb 6 () Cottonseed oil cake prices on Thursday were up by Rs 6 to Rs 1,780 per quintal in futures trade after participants accumulated positions on spot demand.

On the National Commodity and Derivatives Exchange, cottonseed oil cake for delivery in February traded higher by Rs 6, or 0.34 per cent, at Rs 1,780 per quintal with an open interest of 42,610 lots.

Likewise for delivery in March, cottonseed oil cake was trading higher by Rs 9, or 0.5 per cent, at Rs 1,801 per quintal with an open interest of 71,140 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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