Cottonseed oil cake prices recouped by Rs 6.50 to Rs 1,249 per quintal in futures trade today on accumulation of fresh positions by the operators in sync with bolstering spot demand.
Market players said rise in demand at the spot market for cattle-feed makers amid low stocks positions aided the uptrend.
At the National Commodity and Derivatives Exchange, cottonseed oil cake delivery for May rose by Rs 6.50 or 0.52 per cent to Rs 1,249 per quintal, with a business turnover of 1,42,660 lots.
Likewise, the delivery for June registered a gain of Rs 4 or 0.32 per cent at Rs 1,257 per quintal, in an open interest of 1,64,610 lots.
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