Cottonseed Oil Cake Futures Rise on Demand
By Rediff Money Desk, New Delhi Sep 02, 2024 15:16
Cottonseed oil cake prices surged in futures trading on Monday due to rising demand for cattle feed. Speculators fueled the increase with fresh positions.
![Cottonseed Oil Cake Futures Rise on Demand](https://im.rediff.com/money/2016/jan/13oil.jpg)
New Delhi, Sep 2 (PTI) Cottonseed oil cake prices on Monday rose Rs 16 to Rs 2,962.25 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 December delivery traded higher by Rs 16 or 0.54 per cent at Rs 2,962.25 per quintal with an open interest of 9,280 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 December delivery traded higher by Rs 16 or 0.54 per cent at Rs 2,962.25 per quintal with an open interest of 9,280 lots.
Marketmen said the raising of positions by participants amid increasing demand for cattle feed mainly influenced cottonseed oil cake prices.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.62 (+ 0.38)
- 31154275
- Filatex Fashions
- 1.33 (+ 4.72)
- 22795657
- Vodafone Idea L
- 15.11 (+ 0.40)
- 21487062
- Srestha Finvest
- 2.00 (+ 4.71)
- 14671974
- Au Small Finance Ban
- 674.45 ( -0.96)
- 11829173
MORE NEWS
![Colombia Truckers...](https://im.rediff.com/80-80/money/2020/sep/03diesel.jpg)
Colombia Truckers Block Highways Over Fuel...
Truckers in Colombia are blocking highways in protest of diesel fuel price increases....
![Bihar Sees...](https://im.rediff.com/80-80/money/2013/oct/03bihar6.jpg)
Bihar Sees Industrial Growth: BSPCB Reports...
Bihar's industrial growth is evident in the rising number of CTE 'CTO applications...
![Pakistan Finance...](https://im.rediff.com/80-80/money/2021/jan/23tax.jpg)
Pakistan Finance Minister Urges Traders to Pay...
Pakistan's Finance Minister calls on traders to pay taxes to stabilize the economy,...