Cottonseed Oil Cake Futures Rise on Demand
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Cottonseed oil cake futures prices surged on Friday, fueled by increased demand for cattle feed and speculator activity. The National Commodity and Derivatives Exchange saw a rise in open interest.
New Delhi, Mar 28 (PTI) Cottonseed oil cake prices on Friday rose by Rs 17 to Rs 2,787 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 17 or 0.61 per cent at Rs 2,787 per quintal with an open interest of 68,120 lots.
Marketmen said the widening 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 17 or 0.61 per cent at Rs 2,787 per quintal with an open interest of 68,120 lots.
Marketmen said the widening of positions by participants amid increasing demand for cattle feed mainly influenced cottonseed oil cake prices.
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