Cottonseed oil cake futures prices surged on Wednesday due to increased demand for cattle feed, driven by speculator activity on the National Commodity and Derivatives Exchange.
New Delhi, Jul 3 (PTI) Cottonseed oil cake prices on Wednesday rose Rs 7 to Rs 2,826 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 July delivery traded higher by Rs 7, or 0.60 per cent, at Rs 2,826 per quintal with an open interest of 50,570 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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