Cottonseed Oil Cake Futures Surge on Demand
Feb 16, 2024 14:42
Cottonseed oil cake prices rose in futures trading on Friday due to increased demand for cattle feed, prompting speculators to create new positions.
New Delhi, Feb 16 (PTI) Cottonseed oil cake prices on Friday rose Rs 31 to Rs 2,516 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 Rs 31, or 1.23 per cent, at Rs 2,516 per quintal with an open interest of 2,380 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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