Cottonseed oil cake futures up Rs 15 per quintal

Cottonseed oil cake prices went up by Rs 15 to Rs 2,020 per quintal in futures trading today as speculators widened their bets amid a firm trend at the physical markets.
Marketmen attributed the rise in cottonseed oilcake prices at futures trade to raising of bets by participants, driven by a firm trend at the spot markets on the back of strong demand against fall in supplies from growing regions.
At the National Commodity and Derivative Exchange, cottonseed oil cake for delivery in June advanced by Rs 15 or 0.75 per cent to Rs 2,020 per quintal, with an open interest of 42,300 lots.

The most-active delivery in May contracts of cottonseed oilcake too was trading higher by Rs 12 or 0.61 per cent to Rs 1,972 per quintal, with the business volume of 1,24,480 open lots.