Cottonseed Oil Cake Futures Rise on Demand
Cottonseed oil cake futures prices rose on Monday due to increased demand for cattle feed. Speculators created fresh positions, pushing prices up by Rs 30 per quintal.
New Delhi, Feb 19 (PTI) Cottonseed oil cake prices on Monday rose Rs 30 to Rs 2,560 per quintal in futures trade as speculators created fresh positions amid a higher demand.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for February delivery traded higher Rs 30, or 1.17 per cent, at Rs 2,560 per quintal with an open interest of 2,450 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 February delivery traded higher Rs 30, or 1.17 per cent, at Rs 2,560 per quintal with an open interest of 2,450 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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