Cottonseed oil cake futures rise 3.96 pc on spot demand

Cottonseed oil cake prices on Wednesday gained 3.96 per cent to Rs 1,971 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 April delivery rose by Rs 75, or 3.96 per cent, to Rs 1,971 per quintal in 55,750 lots

Cottonseed oil cake contracts for May gained Rs 76, or 3.99 per cent, to Rs 1,993 per quintal in 27,000 lots.

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