Cottonseed oil cake futures gain marginally on spot demand

Cottonseed oil cake prices on Thursday gained 0.11 per cent to Rs 1,777 per quintal in futures trade due to accumulation of positions by traders amid upbeat trend at the spot market.

On the National Commodity and Derivatives Exchange, cottonseed oil cake contracts for March delivery rose by Rs 2, or 0.11 per cent, to Rs 1,777 per quintal in 11,370 lots.

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