Cottonseed Oil Cake Futures Rise on Demand
Feb 13, 2024 14:27
Cottonseed oil cake futures prices climbed in India due to increased demand for cattle feed, leading to fresh bets from speculators.
New Delhi, Feb 13 (PTI) Cottonseed oil cake prices on Tuesday grew Rs 14 to Rs 2,412 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 Rs 14 or 0.58 per cent at Rs 2,412 per quintal with an open interest of 26,930 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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