New Delhi, February 12 Prices of cottonseed oil cake rose by Rs 13 to Rs 3,282 per quintal in futures trading on Thursday, as speculators created new positions due to increased demand.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for March delivery traded higher by Rs 13, or 0.40 percent, at Rs 3,282 per quintal, with an open interest of 55,030 lots.
Market participants said that the increase in positions by participants, mainly due to rising demand for cattle feed, primarily influenced the prices of cottonseed oil cake.
