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Cottonseed oil cake futures rise on contemporary bets

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Cottonseed oil cake costs on Tuesday elevated by Rs Eight to Rs 2,022 per quintal in futures commerce as speculators created contemporary positions pushed by agency spot demand.

On the National Commodity and Derivatives Exchange, cottonseed oil cake for supply in January traded up by Rs 8, or 0.four per cent, to Rs 2,022 per quintal with an open curiosity of 21,670 heaps.

For supply in February, cottonseed oil cake gained Rs 7, or 0.34 per cent, to Rs 2,046 per quintal with an open curiosity of 84,710 heaps.

Marketmen mentioned elevating of positions by contributors amid a rising demand from cattle-feed makers primarily influenced cottonseed oil cake costs right here.

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