Cottonseed Oil Cake Futures Rise on Demand
May 28, 2024 14:38
Cottonseed oil cake futures prices climbed on the National Commodity and Derivatives Exchange (NCDEX) due to increased demand for cattle feed.
New Delhi, May 28 (PTI) Cottonseed oil cake prices on Tuesday rose Rs 9 to Rs 2,733 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 June delivery traded higher Rs 9 or 0.33 per cent at Rs 2,733 per quintal with an open interest of 75,710 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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