Cottonseed Oil Cake Futures Rise on Demand
Nov 01, 2023 15:03
Cottonseed oil cake futures prices surged on Wednesday due to increased demand for cattle feed and speculator activity. Learn more about the commodity market.
New Delhi, Nov 1 (PTI) Cottonseed oil cake prices on Wednesday rose by Rs 50 to Rs 2,883 per quintal in futures trade as speculators created fresh positions amid higher demand.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for December delivery traded higher by Rs 50 or 1.73 per cent at Rs 2,883 per quintal with an open interest of 45,520 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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