Cottonseed Oil Cake Futures Rise on Higher Demand
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Cottonseed oil cake futures prices increased by Rs 14 to Rs 2,987 per quintal due to higher demand and speculative trading on the National Commodity and Derivatives Exchange.
New Delhi, Jun 2 (PTI) Cottonseed oil cake prices on Monday rose Rs 14 to Rs 2,987 per quintal in futures trade as speculators created fresh positions amid higher demand.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for June delivery traded higher by Rs 14 or 0.47 per cent at Rs 2,987 per quintal with an open interest of 84,000 lots.
Marketmen said the widening 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 June delivery traded higher by Rs 14 or 0.47 per cent at Rs 2,987 per quintal with an open interest of 84,000 lots.
Marketmen said the widening of positions by participants amid increasing demand for cattle feed mainly influenced cottonseed oil cake prices.
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