Cottonseed Oil Cake Futures Rise on Demand
Cottonseed oil cake futures prices rose on the National Commodity and Derivatives Exchange due to increased demand and speculator activity.
New Delhi, Feb 21 (PTI) Cottonseed oil cake prices on Friday rose by Rs 5 to Rs 2,709 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 Rs 5 or 0.18 per cent at Rs 2,709 per quintal with an open interest of 66,870 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 Rs 5 or 0.18 per cent at Rs 2,709 per quintal with an open interest of 66,870 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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