Cottonseed Oil Cake Futures Rise on Demand
Jul 05, 2024 13:39
Cottonseed oil cake futures prices rose on the National Commodity and Derivatives Exchange, driven by increased demand and speculative activity.
New Delhi, Jul 5 (PTI) Cottonseed oil cake prices on Friday rose Rs 2 to Rs 2,817 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 July delivery traded higher by Rs 2, or 0.07 per cent, at Rs 2,817 per quintal with an open interest of 48,500 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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