Cottonseed Oil Cake Futures Surge on Demand
Cottonseed oil cake futures prices rose on Wednesday due to increased demand for cattle feed, driving speculators to create fresh positions.
New Delhi, Oct 16 (PTI) Cottonseed oil cake prices on Wednesday rose Rs 4 to Rs 2,919 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 December delivery traded higher by Rs 4 or 0.14 per cent at Rs 2,919 per quintal with an open interest of 20,190 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 December delivery traded higher by Rs 4 or 0.14 per cent at Rs 2,919 per quintal with an open interest of 20,190 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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