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Cottonseed Oil Cake Futures Surge on Demand

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By Rediff Money Desk, NEWDELHI   Feb 26, 2024 14:09

Cottonseed oil cake futures prices rose on the National Commodity and Derivatives Exchange, driven by increased demand for cattle feed.
New Delhi, Feb 26 (PTI) Cottonseed oil cake prices on Monday grew Rs 21 to Rs 2,563 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 February delivery traded higher Rs 21 or 0.82 per cent at Rs 2,563 per quintal with an open interest of 70,060 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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