Cottonseed Oil Cake Futures Rise on Demand
Cottonseed oil cake futures prices increased on Thursday due to higher demand for cattle feed and speculation. Learn more about the price rise.
New Delhi, Mar 6 (PTI) Cottonseed oil cake prices on Thursday increased Rs 10 to Rs 2,609 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 Rs 10 or 0.38 per cent at Rs 2,609 per quintal with an open interest of 32,610 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 Rs 10 or 0.38 per cent at Rs 2,609 per quintal with an open interest of 32,610 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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