Cottonseed Oil Cake Futures Rise on Demand
Feb 02, 2024 14:51
Cottonseed oil cake futures rose on Friday due to increasing demand for cattle feed and fresh positions by speculators.
New Delhi, Feb 2 (PTI) Cottonseed oil cake prices on Friday grew Rs 13 to Rs 2,486 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 February delivery traded higher by Rs 13, or 0.52 per cent, at Rs 2,486 per quintal with an open interest of 49,280 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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