Cottonseed oil cake price increased by Rs 62 to reach Rs 3,360 per quintal in futures trade on Tuesday, driven by speculators establishing new positions in response to heightened demand.

On the National Commodity and Derivatives Exchange, cottonseed oil cake for December delivery rose by Rs 62, or nearly 2 percent, to Rs 3,360 per quintal, accompanied by an open interest of 9,780 lots.

The contract had closed at Rs 3,298 per quintal in the previous session.