Cottonseed Oil Cake Futures Rise on Demand
Cottonseed oil cake futures prices rose on Wednesday due to increased demand for cattle feed, driven by speculation and rising open interest.
New Delhi, Jun 26 (PTI) Cottonseed oil cake prices on Wednesday rose Rs 5 to Rs 2,878 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 July delivery traded higher by Rs 5, or 0.17 per cent, at Rs 2,878 per quintal with an open interest of 59,320 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 July delivery traded higher by Rs 5, or 0.17 per cent, at Rs 2,878 per quintal with an open interest of 59,320 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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