Cottonseed Oil Cake Futures Rise on Demand
Cottonseed oil cake futures prices rose on Wednesday due to increased demand for cattle feed. Speculators created fresh positions, pushing prices up by Re 1 to Rs 2,691 per quintal.
New Delhi, Feb 12 (PTI) Cottonseed oil cake prices on Wednesday rose Re 1 to Rs 2,691 per quintal in futures trade as speculators created fresh positions amid higher demand.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for March delivery traded higher by Re 1 or 0.04 per cent at Rs 2,691 per quintal with an open interest of 56,056 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 March delivery traded higher by Re 1 or 0.04 per cent at Rs 2,691 per quintal with an open interest of 56,056 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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