Cottonseed Oil Cake Futures Surge on Demand
Aug 23, 2024 14:18
Cottonseed oil cake futures rose on the National Commodity and Derivatives Exchange, driven by increased demand and speculation. Prices climbed Rs 64 to Rs 2,915 per quintal.
New Delhi, Aug 23 (PTI) Cottonseed oil cake prices on Friday rose Rs 64 to Rs 2,915 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 September delivery traded higher by Rs 64 or 1.93 per cent at Rs 2,915 per quintal with an open interest of 26,680 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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