Cottonseed Oil Cake Futures Rise amid Renewed Market Buying
New Delhi: Cottonseed oil cake prices rose by Rs 37 to Rs 3,842 per quintal in futures trade on Monday, driven by fresh buying from speculators amid higher demand.
On the National Commodity and Derivatives Exchange (NCDEX), the August delivery contract advanced 0.97 per cent, or Rs 37, to Rs 3,842 per quintal, with an open interest of 46,010 lots.
Market analysts said the rise in prices was supported by traders building fresh positions, encouraged by increasing demand for cattle feed.
