Cottonseed Oil Cake Futures Rise on Higher Demand
Jan 24, 2024 16:07
Cottonseed oil cake futures prices climbed on Wednesday due to increased demand for cattle feed, leading to fresh positions from speculators. Learn more about the market trends.
New Delhi, Jan 24 (PTI) Cottonseed oil cake prices on Wednesday grew Rs 4 to Rs 2,594 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 4, or 0.15 per cent, at Rs 2,594 per quintal with an open interest of 54,400 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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