Cottonseed Oil Cake Futures Rise on Demand
Cottonseed oil cake futures gained on the National Commodity and Derivatives Exchange (NCDEX) on Wednesday, driven by increased demand for cattle feed.
New Delhi, Feb 19 (PTI) Cottonseed oil cake prices on Wednesday rose by Re 1 to Rs 2,704 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 2,704 per quintal with an open interest of 67,620 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 2,704 per quintal with an open interest of 67,620 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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