Cottonseed Oil Cake Futures Surge on Demand
Cottonseed oil cake futures rose on the National Commodity and Derivatives Exchange due to increased demand for cattle feed. Speculators created fresh positions, pushing prices up by Rs 27.
New Delhi, Jul 8 (PTI) Cottonseed oil cake prices on Monday rose Rs 27 to Rs 2,833 per quintal in futures trade as speculators created fresh positions amid a higher demand.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for July delivery traded higher by Rs 27, or 0.94 per cent, at Rs 2,833 per quintal with an open interest of 39,880 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 July delivery traded higher by Rs 27, or 0.94 per cent, at Rs 2,833 per quintal with an open interest of 39,880 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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