Cottonseed Oil Cake Futures Rise on Higher Demand - PTI
Cottonseed oil cake futures rose on Monday due to increased demand for cattle feed and fresh positions created by speculators. Read more about the price rise and market trends.
New Delhi, Jan 6 (PTI) Cottonseed oil cake prices on Monday rose Rs 33 to Rs 2,768 per quintal in futures trade as speculators created fresh positions amid higher demand.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for February delivery traded higher by Rs 33 or 1.19 per cent at Rs 2,768 per quintal with an open interest of 31,820 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 by Rs 33 or 1.19 per cent at Rs 2,768 per quintal with an open interest of 31,820 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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