Cottonseed oil cake futures prices rose on Thursday due to increased demand and speculation. The price for August delivery traded higher on the National Commodity and Derivatives Exchange.
New Delhi, Aug 1 (PTI) Cottonseed oil cake prices on Thursday rose Rs 10 to Rs 2,889 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 10 or 0.35 per cent at Rs 2,889 per quintal with an open interest of 54,250 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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