Cottonseed oil cake prices were up by Rs 8 to Rs 1,343 per quintal in futures trade today as traders indulged in expanding positions, taking positive cues from spot markets on strong demand.
At the National Commodity and Derivatives Exchange, cottonseed oil cake for delivery in current month gained Rs 8 or 0.60 per cent to Rs 1,343 per quintal, in an open interest of 1,30,610 lots.
Cottonseed oil cake for delivery in July contracts also edged up by Rs 6 or 0.44 per cent to Rs 1,365.50 per quintal, in a business turnover of 86,520 open lots.
Marketmen said widening of bets by participants, taking positive cues from the physical markets on strong demand from animal feed makers amid the shortage of stocks at spot markets, kept cottonseed oil cake prices higher at futures trade here.
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