Cottonseed Oil Cake Futures Rise
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Cottonseed oil cake futures prices increase due to fresh bets and higher demand. March delivery rises on NCDEX.
Illustration: Uttam Ghosh/Rediff.com
New Delhi, Feb 12 (PTI) Cottonseed oil cake prices on Thursday increased by Rs 13 to Rs 3,282 per quintal in futures trade as speculators created fresh positions amid higher demand.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for March delivery traded higher by Rs 13, or 0.40 per cent, at Rs 3,282 per quintal with an open interest of 55,030 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 March delivery traded higher by Rs 13, or 0.40 per cent, at Rs 3,282 per quintal with an open interest of 55,030 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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