Cottonseed oil cake futures gain on spot demand

Cottonseed oil cake prices rose by Rs 23 to Rs 1,728 per quintal in futures trading today following fresh accumulation made by speculators on the back of robust demand in spot markets.
Marketmen attributed the uptick in prices here in futures trading to brisk demand for cattle-feed makers amid tight supplies in spot markets.
At the National Commodity and Derivatives Exchange counter, cottonseed oil cake delivery for July advanced by Rs 23, or 1.35 per cent, to Rs 1,728 per quintal, with an open interest of 1,00,370 lots.
The delivery for June gained Rs 16, or 0.99 per cent, to Rs 1,638 per quintal, having an open interest of 9,220 lots.