Cottonseed Oil Cake Futures Rise on Demand
Dec 29, 2023 15:13
Cottonseed oil cake futures prices surged on the National Commodity and Derivatives Exchange due to increased demand for cattle feed, driving up open interest.
New Delhi, Dec 29 (PTI) Cottonseed oil cake prices on Friday rose Rs 4 to Rs 2,767 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 4 or 0.14 per cent at Rs 2,767 per quintal with an open interest of 37,140 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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