Cottonseed Oil Cake Prices Surge on High Demand
Cottonseed oil cake prices rose in futures trade on Tuesday due to increased demand, particularly for cattle feed. Speculators created fresh positions, driving prices up.
New Delhi, Sep 3 (PTI) Cottonseed oil cake prices on Tuesday rose Rs 9 to Rs 2,994 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 9 or 0.30 per cent at Rs 2,994 per quintal with an open interest of 9,970 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 9 or 0.30 per cent at Rs 2,994 per quintal with an open interest of 9,970 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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