Cottonseed Oil Cake Futures Rise on Demand
Cottonseed oil cake futures prices climbed on Tuesday due to increased demand for cattle feed, driving speculators to create new positions.
New Delhi, Dec 17 (PTI) Cottonseed oil cake prices on Tuesday rose Rs 10 to Rs 2,649 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 January delivery traded higher by Rs 10 or 0.38 per cent at Rs 2,649 per quintal with an open interest of 34,940 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 January delivery traded higher by Rs 10 or 0.38 per cent at Rs 2,649 per quintal with an open interest of 34,940 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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