Cottonseed Oil Cake Futures Rise on Demand
By Rediff Money Desk, New Delhi May 29, 2024 14:19
Cottonseed oil cake futures prices rose on Wednesday due to increased demand for cattle feed. Speculators created fresh positions in the market.
![Cottonseed Oil Cake Futures Rise on Demand](https://im.rediff.com/money/2016/jan/13oil.jpg)
New Delhi, May 29 (PTI) Cottonseed oil cake prices on Wednesday rose Rs 33 to Rs 2,731 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 June delivery traded higher Rs 33 or 1.21 per cent at Rs 2,731 per quintal with an open interest of 73,020 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 June delivery traded higher Rs 33 or 1.21 per cent at Rs 2,731 per quintal with an open interest of 73,020 lots.
Marketmen said the raising of positions by participants amid increasing demand for cattle feed mainly influenced cottonseed oil cake prices.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.93 ( -4.87)
- 226206286
- IFL Enterprises
- 1.30 (+ 4.84)
- 81461564
- Vodafone Idea L
- 16.79 (+ 0.66)
- 67447398
- NCL Research
- 0.95 ( -4.04)
- 31996628
- Franklin Industries
- 3.73 (+ 3.32)
- 21511209
MORE NEWS
![Navi Mumbai...](https://im.rediff.com/80-80/money/2021/jun/10navi-mumbai-airport7.jpg)
Navi Mumbai Airport ILS Signal Testing Begins
The Airports Authority of India (AAI) has begun ILS signal testing at the...
![Air India VRS for...](https://im.rediff.com/80-80/money/2020/sep/09tata-vistara-3.jpg)
Air India VRS for Non-Flying Staff Ahead of...
Air India has announced a voluntary retirement scheme (VRS) and voluntary separation...
Fisher Groups Oppose WTO Fisheries Subsidy Talks
Small-scale fisher groups from India, Indonesia, and Bangladesh demand WTO keep...