Cottonseed Oil Cake Futures Rise on Demand
Cottonseed oil cake futures rose on Wednesday due to increased demand for cattle feed. Speculators created new positions, driving prices up by Rs 59 per quintal.
New Delhi, Jul 10 (PTI) Cottonseed oil cake prices on Wednesday rose Rs 59 to Rs 2,839 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 59 or 2.08 per cent at Rs 2,839 per quintal with an open interest of 18,130 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 59 or 2.08 per cent at Rs 2,839 per quintal with an open interest of 18,130 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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