Cottonseed oil cake futures rise on fresh bets
- Country:
- India
Cottonseed oil cake prices on Tuesday rose by Rs 42 to Rs 2,768 per quintal in futures trade as speculators created fresh positions amid higher demand.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for February delivery traded up by Rs 42 or 1.52 per cent at Rs 2,768 per quintal with an open interest of 10,150 lots.
Marketmen said the raising of positions by participants amid increasing demand from cattle-feed makers mainly influenced cottonseed oil cake prices.
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