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.
New Delhi, Mar 7 (PTI) Cottonseed oil cake prices on Friday rose Rs 38 to Rs 2,629 per quintal in futures trade as speculators created fresh positions amid higher demand.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for April delivery traded higher by Rs 38 or 1.45 per cent at Rs 2,629 per quintal with an open interest of 39,370 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 April delivery traded higher by Rs 38 or 1.45 per cent at Rs 2,629 per quintal with an open interest of 39,370 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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