Cottonseed oil cake futures gain on physical cues

NEW DELHI, July 12: Cottonseed oil cake prices rose by Rs 18.50 to Rs 1,696 per quintal in futures trading today on fresh positions created by the participants due to higher physical market sentiments.
Market players attributed the upsurge in cottonseed oil cake futures prices to the shortage of ready stocks amid a spurt in cattle-feed makers demand in the spot markets.
At the National Commodity and Derivatives Exchange, cottonseed oil cake delivery for July  gained by Rs 18.50, or 1.10 per cent, to Rs 1,696 per quintal, showing an open interest of 1,910 lots.
In a similar step, the delivery for August advanced by Rs 17.50, or 1.02 per cent, to Rs 1,741 per quintal, in an open interest of 1,38,560 lots. (PTI)

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