Cottonseed Oil Cake Futures Rise on Demand
Cottonseed oil cake futures prices rose on Tuesday due to increased demand for cattle feed. Speculators created fresh positions, pushing prices up by Rs 5 to Rs 2,657 per quintal.
New Delhi, Dec 31 (PTI) Cottonseed oil cake prices on Tuesday rose Rs 5 to Rs 2,657 per quintal in futures trade as speculators created fresh positions amid higher demand.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for January delivery traded higher by Rs 5 or 0.19 per cent at Rs 2,657 per quintal with an open interest of 34,900 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 5 or 0.19 per cent at Rs 2,657 per quintal with an open interest of 34,900 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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