Cottonseed Oil Cake Futures Rise on Fresh Bets
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Cottonseed oil cake futures prices edged up on NCDEX due to fresh speculative positions and increased demand for cattle feed.
New Delhi, Aug 18 (PTI) Cottonseed oil cake prices on Tuesday edged up by Re 1 to Rs 4,282 per quintal in futures trade, as speculators created fresh positions amid higher demand.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for August delivery traded higher by Re 1, or 0.02 per cent, at Rs 4,282 per quintal with an open interest of 31,190 lots.
Marketmen said the widening of positions by traders amid increasing demand for cattle feed mainly influenced cottonseed oil cake prices.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for August delivery traded higher by Re 1, or 0.02 per cent, at Rs 4,282 per quintal with an open interest of 31,190 lots.
Marketmen said the widening of positions by traders amid increasing demand for cattle feed mainly influenced cottonseed oil cake prices.
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