Cottonseed oil cake prices on Thursday rose Rs 66 to Rs 3,430 per quintal in futures trade as speculators built fresh positions amid rising demand.
On the National Commodity and Derivatives Exchange (NCDEX), cottonseed oil cake contracts for April delivery increased by Rs 66, or 1.92 per cent, to Rs 3,430 per quintal, with an open interest of 46,470 lots.
Market participants said the increase in prices was mainly supported by fresh buying by traders and rising demand for cattle feed, which led to higher positions in the futures market.