Cottonseed Oil Cake Futures Surge on Demand
Dec 22, 2023 15:23
Cottonseed oil cake futures rose on Friday due to increased demand and fresh bets from speculators. Prices gained Rs 44 per quintal to reach Rs 2,705.
New Delhi, Dec 22 (PTI) Cottonseed oil cake prices on Friday rose Rs 44 to Rs 2,705 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 January delivery traded higher by Rs 44 or 1.63 per cent at Rs 2,705 per quintal with an open interest of 47,140 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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