Cottonseed oilcake futures up on spot demand

Cottonseed oilcake prices were trading higher by Rs 14 to Rs 2,171 per quintal in futures trading today following fresh positions created by speculators due to firm physical markets.
Marketmen said building up of positions by participants following rising demand in spot market from cattle-feed makers, influenced cottonseed oilcake prices in futures trade here.
At the National Commodity and Derivative Exchange, cottonseed oilcake for delivery in most-active February was up by Rs 14, or 0.65 per cent to Rs 2,171 per quintal, clocking an open interest of 70,870 lots.
Also, cottonseed oilcake for delivery in January gained Rs 13, or 0.61 per cent, to Rs 2,138 per quintal in an open interest of 45,060 lots.