Cottonseed oil cake futures prices rose on Friday due to increased demand for cattle feed. Speculators created fresh positions, driving prices up to Rs 2,690 per quintal.
New Delhi, Dec 6 (PTI) Cottonseed oil cake prices on Friday rose Rs 16 to Rs 2,690 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 0.59 per cent at Rs 2,690 per quintal with an open interest of 16,260 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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