Cottonseed Oil Cake Futures Rise on Demand
Jan 04, 2024 15:38
Cottonseed oil cake futures prices surged on Thursday due to increased demand for cattle feed and fresh positions created by speculators. Learn more.
New Delhi, Jan 4 (PTI) Cottonseed oil cake prices on Thursday rose Rs 24 to Rs 2,717 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 24 or 0.88 per cent at Rs 2,717 per quintal with an open interest of 31,110 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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