Cottonseed oil futures gain on fresh bets

Cottonseed oil cake prices on Monday edged up by Rs 14 to Rs 2,118 per quintal in futures trade due to accumulation of positions by traders amid upbeat trend at spot market.

On the National Commodity and Derivatives Exchange, cottonseed oil cake contracts for February delivery rose by Rs 14, or 0.67 per cent, to Rs 2,118 per quintal in 2,030 lots.

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