Cottonseed Oil Cake Futures Rise on Demand
Cottonseed oil cake futures surged on the National Commodity and Derivatives Exchange, driven by increased demand for cattle feed and speculation.
New Delhi, Oct 21 (PTI) Cottonseed oil cake prices on Monday rose Rs 47 to Rs 3,013 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 47 or 1.56 per cent at Rs 3,013 per quintal with an open interest of 18,590 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 47 or 1.56 per cent at Rs 3,013 per quintal with an open interest of 18,590 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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