Cottonseed Oil Cake Futures Surge: Demand-Driven Rally

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Cottonseed Oil Cake Futures Surge: Demand-Driven Rally

Cottonseed oil cake prices increased by Rs 24 to reach Rs 2,600 per quintal in futures trade on Tuesday due to speculators taking new positions in response to…

Cottonseed oil cake prices increased by Rs 24 to reach Rs 2,600 per quintal in futures trade on Tuesday due to speculators taking new positions in response to higher demand. On the National Commodity and Derivatives Exchange, cottonseed oil cake for June delivery rose by Rs 24 or 0.92 percent to Rs 2,600 per quintal with an open interest of 28,460 lots. Market analysts stated that the rise in demand for cattle feed led to an increase in cottonseed oil cake prices as participants took more positions in the market.

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