Cottonseed Oil Cake Futures Rise on Demand
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Cottonseed oil cake futures prices rose on Monday due to increased demand for cattle feed and fresh positions created by speculators. Learn more about the market trends.
New Delhi, Apr 7 (PTI) Cottonseed oil cake prices on Monday rose Rs 19 to Rs 2,922 per quintal in futures trade as speculators created fresh positions amid higher demand.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for May delivery traded higher by Rs 19 or 0.65 per cent at Rs 2,922 per quintal with an open interest of 60,570 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 May delivery traded higher by Rs 19 or 0.65 per cent at Rs 2,922 per quintal with an open interest of 60,570 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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