Cottonseed Oil Cake Futures Rise
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Cottonseed oil cake futures prices increase on fresh bets. June delivery rises on NCDEX due to higher demand.
New Delhi, May 20 (PTI) Cottonseed oil cake prices on Wednesday increased by Rs 23 to Rs 3,586 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 23, or 0.64 per cent, to Rs 3,586 per quintal with an open interest of 59,920 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 23, or 0.64 per cent, to Rs 3,586 per quintal with an open interest of 59,920 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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