Cottonseed Oil Cake Futures Rise on Demand
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Cottonseed oil cake futures climbed on Wednesday due to increased demand for cattle feed, leading to higher prices and active trading on the National Commodity and Derivatives Exchange.
New Delhi, May 14 (PTI) Cottonseed oil cake prices on Wednesday rose Rs 4 to Rs 2,966 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 4 or 0.13 per cent at Rs 2,966 per quintal with an open interest of 88,510 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 4 or 0.13 per cent at Rs 2,966 per quintal with an open interest of 88,510 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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