Cottonseed Oil Cake Futures Rise on Demand
Cottonseed oil cake futures prices in India rose on Tuesday due to increased demand for cattle feed and speculator activity. Read more.
New Delhi, May 21 (PTI) Cottonseed oil cake prices on Tuesday rose Rs 34 to Rs 2,698 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 34 or 1.26 per cent at Rs 2,698 per quintal with an open interest of 82,990 lots.
Marketmen said the raising 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 May delivery traded higher Rs 34 or 1.26 per cent at Rs 2,698 per quintal with an open interest of 82,990 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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