Cottonseed Oil Cake Futures Surge on Demand
Dec 26, 2023 15:28
Cottonseed oil cake futures prices rose in India due to increased demand for cattle feed, with speculators creating fresh positions. Learn more about the market trends.
New Delhi, Dec 26 (PTI) Cottonseed oil cake prices on Tuesday rose Rs 4 to Rs 2,757 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 4 or 0.15 per cent at Rs 2,757 per quintal with an open interest of 46,390 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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