Cottonseed Oil Cake Futures Rise on Demand
Aug 09, 2024 13:52
Cottonseed oil cake futures prices rose on Friday due to increased demand for cattle feed, driven by speculator activity on the National Commodity and Derivatives Exchange.
New Delhi, Aug 9 (PTI) Cottonseed oil cake prices on Friday rose Rs 10 to Rs 2,827 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 August delivery traded higher by Rs 10 or 0.35 per cent at Rs 2,827 per quintal with an open interest of 38,250 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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