Cottonseed Oil Cake Futures Rise on Higher Demand
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Cottonseed oil cake futures prices surged Rs 37 to Rs 3,110 per quintal on increased demand for cattle feed. Speculators fueled the rise.
New Delhi, Jul 18 (PTI) Cottonseed oil cake prices on Friday rose Rs 37 to Rs 3,110 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 Rs 37 or 1.19 per cent at Rs 3,110 per quintal with an open interest of 71,400 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 August delivery traded higher Rs 37 or 1.19 per cent at Rs 3,110 per quintal with an open interest of 71,400 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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