Cottonseed oil cake futures surged on the National Commodity and Derivatives Exchange, driven by increased demand for cattle feed and speculative buying.
New Delhi, Sep 12 (PTI) Cottonseed oil cake prices on Thursday rose Rs 44 to Rs 3,020 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 44 or 1.46 per cent at Rs 3,020 per quintal with an open interest of 13,440 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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