Cottonseed oil cake prices rose in futures trade on Tuesday due to increased demand for cattle feed and speculation. Learn more about the market trends.
New Delhi, Feb 27 (PTI) Cottonseed oil cake prices on Tuesday rose Rs 68 to Rs 2,576 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 March delivery traded higher Rs 68, or 2.64 per cent, at Rs 2,576 per quintal with an open interest of 69,350 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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