Cottonseed Oil Cake Futures Rise on Demand
May 24, 2024 14:21
Cottonseed oil cake futures prices rose on Friday due to increased demand for cattle feed. Speculators created fresh positions, driving prices up by Rs 8 per quintal.
New Delhi, May 24 (PTI) Cottonseed oil cake prices on Friday rose Rs 8 to Rs 2,725 per quintal in futures trade as speculators created fresh positions amid a higher demand.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for May delivery traded higher Rs 8 or 0.26 per cent at Rs 2,725 per quintal with an open interest of 79,920 lots.
Marketmen said the raising of positions by participants amid increasing demand for cattle feed mainly influenced cottonseed oil cake prices.
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