Cottonseed Oil Cake Futures Rise on Demand
May 06, 2024 13:57
Cottonseed oil cake futures surged on the National Commodity and Derivatives Exchange due to increased demand for cattle feed. Speculators created fresh positions, boosting prices to Rs 2,573 per quintal.
New Delhi, May 6 (PTI) Cottonseed oil cake prices on Monday rose Rs 39 to Rs 2,573 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 May delivery traded higher Rs 39 or 1.52 per cent at Rs 2,573 per quintal with an open interest of 57,580 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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