Cottonseed oil cake futures rise on fresh bets
Cottonseed oil cake futures prices rose on Thursday due to increased demand for cattle feed and speculation in the market.
New Delhi, Jun 20 (PTI) Cottonseed oil cake prices on Thursday rose Rs 47 to Rs 2,701 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 by Rs 47, or 1.74 per cent, at Rs 2,701 per quintal with an open interest of 410 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 by Rs 47, or 1.74 per cent, at Rs 2,701 per quintal with an open interest of 410 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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