Cottonseed oil cake futures surged on the National Commodity and Derivatives Exchange due to increased demand for cattle feed. Speculators created fresh positions, boosting prices.
New Delhi, Apr 15 (PTI) Cottonseed oil cake prices on Monday rose Rs 19 to Rs 2,549 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 April delivery traded higher Rs 19 or 0.75 per cent at Rs 2,549 per quintal with an open interest of 4,330 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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