Cottonseed oil cake prices went up by Rs 4.50 to Rs 1,575 per quintal in futures trade today, mainly driven by upbeat sentiment.
Market players said cottonseed oil cake prices remained higher due to brisk buying by animal feed makers amid limited availability of stocks, and traders created fresh positions that influenced the futures prices.
At the National Commodity and Derivatives Exchange counter, cottonseed oil cake delivery for the near contract August improved by Rs 4.50 or 0.29 per cent to Rs 1,575 per quintal with an open interest of 52,210 lots.
Similarly, the delivery of the most active immediate contract July increased by Rs 3.50 or 0r 23 per cent to Rs 1,542 per quintal with an open interest of 1,28,010 lots.