Cottonseed Oil Cake Prices Rise in Futures Trading
New Delhi, March 27 – Prices of cottonseed oil cake saw an increase in futures trading on Friday, with the commodity trading at Rs 3,559 per quintal. This represents a rise of Rs 40 per quintal compared to the previous session’s closing price of Rs 3,519 per quintal.The price movement occurred on the National Commodity and Derivatives Exchange (NCDEX). Cottonseed oil cake for April delivery recorded a gain of Rs 40, or 1.14 percent, during the trading session. The open interest stood at 53,160 lots.
Market participants attributed the price increase to heightened demand for cattle feed. The NCDEX remained closed on Thursday due to the observance of Ram Navami.
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