Cottonseed oil cake futures surged on the National Commodity and Derivatives Exchange, driven by increased demand for cattle feed and speculative activity.
New Delhi, Nov 8 (PTI) Cottonseed oil cake prices on Friday rose Rs 11 to Rs 2,988 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 11 or 0.37 per cent at Rs 2,988 per quintal with an open interest of 18,120 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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