Cottonseed oil cake futures surged on the National Commodity and Derivatives Exchange due to increased demand for cattle feed and fresh positions by speculators.
New Delhi, Nov 6 (PTI) Cottonseed oil cake prices on Wednesday rose Rs 3 to Rs 2,971 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 3 or 0.10 per cent at Rs 2,971 per quintal with an open interest of 18,090 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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