Cottonseed Oil Cake Futures Rise on Demand
Nov 29, 2023 14:35
Cottonseed oil cake futures rose on the National Commodity and Derivatives Exchange due to increased demand for cattle feed and speculation. Learn more.
New Delhi, Nov 29 (PTI) Cottonseed oil cake prices on Wednesday rose Rs 14 to Rs 2,965 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 14 or 0.47 per cent at Rs 2,965 per quintal with an open interest of 42,910 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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