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Cottonseed oil cake futures rise on buying of fresh positions

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Cottonseed oil cake futures rise on buying of fresh positions

New Delhi, Sep 28 (PTI) Cottonseed oil cake prices on Tuesday rose by Rs 5 to Rs 2,547 per quintal in futures trade as speculators created fresh positions tracking a bullish trend at the spot market.

On the NCDEX, cottonseed oil cake for delivery in December traded higher by Rs 5, or 0.2 per cent, at Rs 2,547 per quintal in a business turnover of 29,790 lots.

Market analysts said widening of positions by participants amid rising demand from animal feed makers at the spot market mainly led to the rise in cottonseed oil cake futures.

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