Cottonseed Oil Cake Futures Rise on Demand
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Cottonseed oil cake futures gained on the National Commodity and Derivatives Exchange (NCDEX) due to increased demand for cattle feed and speculation.
New Delhi, May 13 (PTI) Cottonseed oil cake prices on Tuesday rose Rs 20 to Rs 2,969 per quintal in futures trade as speculators created fresh positions amid higher demand.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for June delivery traded higher by Rs 20 or 0.67 per cent at Rs 2,969 per quintal with an open interest of 80,120 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 June delivery traded higher by Rs 20 or 0.67 per cent at Rs 2,969 per quintal with an open interest of 80,120 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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