Cottonseed oil cake futures prices rose on Tuesday due to increased demand for cattle feed and speculation. Learn more about the market trends.
New Delhi, Jul 30 (PTI) Cottonseed oil cake prices on Tuesday rose Rs 17 to Rs 2,867 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 August delivery traded higher by Rs 17 or 0.59 per cent at Rs 2,867 per quintal with an open interest of 55,430 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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