Cottonseed Oil Cake Futures Rise on Demand
Jan 18, 2024 16:59
Cottonseed oil cake futures prices rose on Thursday due to increased demand for cattle feed. Speculators created fresh positions, boosting prices to Rs 2,621 per quintal.
New Delhi, Jan 18 (PTI) Cottonseed oil cake prices on Thursday rose Rs 10 to Rs 2,621 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 10, or 0.38 per cent, at Rs 2,621 per quintal with an open interest of 1,140 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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