In futures trading on Monday, the price of cottonseed oil cake increased by Rs 38, reaching Rs 3,617 per quintal that was the highest level ever recorded. The taking of additional positions by speculators in response to the rising demand for the commodity was the primary factor that drove this surge.

Cottonseed oil cake that was scheduled to be delivered in June experienced a gain of Rs 38, which is equivalent to 1.05 percent, and reached Rs 3,617 per quintal on the National Commodity and Derivatives Exchange following the increase. There was also an open interest of 6,160 lots that occurred concurrently with this rise.

It was observed by those who participated in the market that the most significant influence on the prices of cottonseed cream cakes was the expansion of positions, which was brought about by the rise in the demand for cow feed.