Cottonseed Oil Cake Futures Rise | Fresh Bets
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Cottonseed oil cake futures rise on fresh bets amid higher demand. December delivery traded higher. Widening positions influenced prices.
New Delhi, Nov 3 (PTI) Cottonseed oil cake prices on Monday rose Re 1 to Rs 2,954 per quintal in futures trade as speculators created fresh positions amid higher demand.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for December delivery traded higher by Re 1 or 0.03 per cent at Rs 2,954 per quintal with an open interest of 20,310 lots.
Marketmen said the widening of positions by participants amid increasing demand for cattle feed mainly influenced cottonseed oil cake prices.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for December delivery traded higher by Re 1 or 0.03 per cent at Rs 2,954 per quintal with an open interest of 20,310 lots.
Marketmen said the widening of positions by participants amid increasing demand for cattle feed mainly influenced cottonseed oil cake prices.
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