Cottonseed oil cake futures rise on fresh bets
Marketmen said raising of positions by participants amid increasing demand from cattle-feed mainly influenced cottonseed oil cake prices.
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On the National Commodity and Derivatives Exchange, cottonseed oil cake for June delivery traded up Rs 7 or 0.27 per cent at Rs 2,583 per quintal with an open interest of 390 lots. (Image credit: Freepik)
Cottonseed oil cake prices on Tuesday rose Rs 7 to Rs 2,583 per quintal in futures trade as speculators created fresh positions amid higher demand.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for June delivery traded up Rs 7 or 0.27 per cent at Rs 2,583 per quintal with an open interest of 390 lots.
Marketmen said raising of positions by participants amid increasing demand from cattle-feed mainly influenced cottonseed oil cake prices.
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