Cottonseed Oil Cake Futures Rise on Higher Demand
Cottonseed oil cake futures prices surged on the National Commodity and Derivatives Exchange due to increased demand for cattle feed and speculation. Learn more.
New Delhi, Jan 17 (PTI) Cottonseed oil cake prices on Friday rose Rs 15 to Rs 2,776 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 15 or 0.54 per cent at Rs 2,776 per quintal with an open interest of 46,410 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 15 or 0.54 per cent at Rs 2,776 per quintal with an open interest of 46,410 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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