Cottonseed Oil Cake Futures Rise on Demand
Cottonseed oil cake prices rose in futures trade on Thursday due to increased demand for cattle feed and fresh speculative positions.
New Delhi, Dec 12 (PTI) Cottonseed oil cake prices on Thursday rose Rs 14 to Rs 2,677 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 14 or 0.52 per cent at Rs 2,677 per quintal with an open interest of 12,580 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 14 or 0.52 per cent at Rs 2,677 per quintal with an open interest of 12,580 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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