Cottonseed oil cake futures prices surged on Wednesday due to increased demand for cattle feed and speculator activity. Learn more about the market trends.
New Delhi, Feb 28 (PTI) Cottonseed oil cake prices on Wednesday grew Rs 38 to Rs 2,630 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 38 or 1.44 per cent at Rs 2,630 per quintal with an open interest of 63,060 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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