Cottonseed oil cake futures up on rising demand

Cottonseed oil cake prices strengthened by Rs 16 to Rs 1,650 per quintal in futures trade today after speculators enlarged positions in tune with a firm trend at the spot markets on strong demand from animal feed makers.
At the National Commodity and Derivatives Exchange, cottonseed oil cake for delivery in August gained Rs 16, or 0.98 per cent, to Rs 1,650 per quintal, clocking an open interest of 72,330 lots.
On similar lines, the July delivery advanced by Rs 12, or 0.72 per cent, to Rs 1,674 per quintal, in an open interest of 79,590 lots.
Market players said a boost in demand from the animal feed makers in spot markets, mainly supported the upside in futures trade.