Cottonseed oil cake futures rose on Friday due to increased demand for cattle feed. Speculators created fresh positions, pushing prices up by Rs 16 to Rs 2,609 per quintal.
New Delhi, May 17 (PTI) Cottonseed oil cake prices on Friday rose Rs 16 to Rs 2,609 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 May delivery traded higher Rs 16 or 0.61 per cent at Rs 2,609 per quintal with an open interest of 120 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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