Cottonseed oil cake futures prices rose on Thursday due to increased demand for cattle feed. Speculators created fresh positions, driving up prices on the National Commodity and Derivatives Exchange.
New Delhi, Jul 18 (PTI) Cottonseed oil cake prices on Thursday rose Rs 7 to Rs 2,883 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 7 or 0.05 per cent at Rs 2,883 per quintal with an open interest of 980 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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