Cottonseed Oil Cake Futures Rise on Demand
Nov 08, 2023 15:27
Cottonseed oil cake futures prices climbed on Wednesday due to increased demand for cattle feed and fresh positions by speculators. Learn more about the market trends.
New Delhi, Nov 8 (PTI) Cottonseed oil cake prices on Wednesday rose by Rs 3 to Rs 2,901 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 3 or 0.10 per cent at Rs 2,901 per quintal with an open interest of 44,740 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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