Cottonseed Oil Cake Futures Rise on Fresh Bets - PTI
Cottonseed oil cake prices surged on the National Commodity and Derivatives Exchange (NCDEX) driven by rising demand for cattle feed and fresh speculative positions.
New Delhi, Dec 20 (PTI) Cottonseed oil cake prices on Friday rose by Rs 6 to Rs 2,632 per quintal in futures trade, as speculators created fresh positions amid higher demand.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for January delivery traded higher by Rs 6 or 0.23 per cent at Rs 2,632 per quintal with an open interest of 35,900 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 January delivery traded higher by Rs 6 or 0.23 per cent at Rs 2,632 per quintal with an open interest of 35,900 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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