Cottonseed Oil Cake Futures Rise on Demand
Cottonseed oil cake futures prices rose on Tuesday due to increased demand for cattle feed, with speculators creating fresh positions.
New Delhi, Feb 18 (PTI) Cottonseed oil cake prices on Tuesday rose Re 1 to Rs 2,710 per quintal in futures trade as speculators created fresh positions amid higher demand.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for April delivery traded higher by Re 1 or 0.04 per cent at Rs 2,710 per quintal with an open interest of 7,770 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 April delivery traded higher by Re 1 or 0.04 per cent at Rs 2,710 per quintal with an open interest of 7,770 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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