Cottonseed Oil Cake Futures Rise on Higher Demand
May 27, 2024 13:29
Cottonseed oil cake futures prices rose on Monday due to increased demand for cattle feed. Speculators created fresh positions, driving prices up to Rs 2,749 per quintal.
New Delhi, May 27 (PTI) Cottonseed oil cake prices on Monday rose Rs 8 to Rs 2,749 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 June delivery traded higher Rs 8 or 0.29 per cent at Rs 2,749 per quintal with an open interest of 77,230 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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