Cottonseed Oil Cake Futures Rise on Demand
Jan 09, 2024 14:38
Cottonseed oil cake futures rose on Tuesday due to increased demand for cattle feed, with speculators creating fresh positions.
New Delhi, Jan 9 (PTI) Cottonseed oil cake prices on Tuesday rose Rs 3 to Rs 2,693 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 3 or 0.11 per cent at Rs 2,693 per quintal with an open interest of 21,310 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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