Taking positive cues from the spot markets on robust demand, cottonseed oil cake prices went up by Rs 18.50 to Rs 1,416 per quintal in futures trade.
Marketmen said building up of fresh positions by participants in tune with a firm trend at the spot markets backed by strong demand from animal feed makers, mainly lifted cottonseed oil cake futures prices higher.
Besides, shortage of stocks due to restricted supplies in the market gave push to rising prices, they added.
At the National Commodity an Derivatives Exchange, cottonseed oil cake to be delivered in July gained Rs 18.50 or 1.32 per cent to Rs 1,416 per quintal, having an open interest of 90,130 lots.
Likewise, the most-traded delivery in current month hardened by Rs 17.50 or 1.27 per cent to Rs 1,390.50 per quintal, with the business turnover of 1,16,060 open lots.
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