Cottonseed oil cake futures rise on physical demand

Prices of cottonseed oil cake went up by Rs 5.50 to Rs 1,674 per quintal in futures trading today on optimistic buying by traders in tune with robust physical demand.
Marketmen said brisk demand for animal feed makers amid tight ready stocks in spot markets supported the rise in cottonseed oil cake futures prices.
At the National Commodity and Derivatives Exchange counter, cottonseed oil cake delivery for December gained Rs 5.50, or 0.33 per cent, to Rs 1,674 per quintal, with an open interest of 1,790 lots.
In the similar way, January delivery edged up by Rs 4.50, or 0.27 per cent, to Rs 1,696 per quintal, showing an open interest of 93,180 lots.