Cottonseed Oil Cake Futures Rise on Demand
Dec 21, 2023 14:27
Cottonseed oil cake futures prices rose on Thursday due to increased demand for cattle feed, with speculators creating fresh positions in the market.
New Delhi, Dec 21 (PTI) Cottonseed oil cake prices on Thursday rose Rs 6 to Rs 2,703 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 January delivery traded higher by Rs 6 or 0.22 per cent at Rs 2,703 per quintal with an open interest of 48,410 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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