Cottonseed oil cake futures rise on fresh bets
Jun 19, 2024 13:31
Cottonseed oil cake futures prices surged on the National Commodity and Derivatives Exchange, driven by increasing demand for cattle feed.
New Delhi, Jun 19 (PTI) Cottonseed oil cake prices on Wednesday rose Rs 40 to Rs 2,685 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 by Rs 40, or 1.49 per cent, at Rs 2,685 per quintal with an open interest of 580 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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