As a result of speculators building new positions in response to increased demand, cottonseed oil cake prices experienced an increase of Rs 22, hitting Rs 3,463 per quintal in futures trade on Tuesday. This increase was driven through the establishment of new positions. On the National Commodity and Derivatives Exchange, cottonseed oil cake for June delivery had an increase of Rs 22, which is equivalent to 0.64 percent, reaching Rs 3,463 per quintal.

This increase was accompanied by an open interest of 42,310 lots. Participants in the market reported that the growth of positions, which was driven by an increasing demand for cattle feed, had the most significant impact on the prices of cottonseed oil cake.