Cottonseed Oil Cake Futures Surge on Increased Demand for Cattle Feed

On
Cottonseed Oil Cake Futures Surge on Increased Demand for Cattle Feed

Cottonseed oil cake prices rose by Rs 14 to Rs 2,586 per quintal in futures trade on Thursday as speculators created fresh positions due to higher demand. On…

Cottonseed oil cake prices rose by Rs 14 to Rs 2,586 per quintal in futures trade on Thursday as speculators created fresh positions due to higher demand. On the National Commodity and Derivatives Exchange, cottonseed oil cake for May delivery traded 0.54% higher at Rs 2,586 per quintal with an open interest of 280 lots. Market analysts stated that the increase in demand for cattle feed led to the rise in cottonseed oil cake prices.

Tags