Cottonseed oil cake prices surged in futures trading on Thursday, driven by increased demand for cattle feed and speculator activity. Learn more about the market trends.
New Delhi, Jun 13 (PTI) Cottonseed oil cake prices on Thursday rose by Rs 19 to Rs 2,709 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 July delivery traded higher Rs 19 or 0.70 per cent at Rs 2,709 per quintal with an open interest of 62,330 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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