Cottonseed Oil Cake Futures Rise on Demand
Cottonseed oil cake futures prices surged on Tuesday due to increased demand and speculative trading activity. Learn more about the market movement.
New Delhi, Jul 2 (PTI) Cottonseed oil cake prices on Tuesday rose Rs 17 to Rs 2,819 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 17, or 0.60 per cent, at Rs 2,819 per quintal with an open interest of 52,370 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 17, or 0.60 per cent, at Rs 2,819 per quintal with an open interest of 52,370 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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