Cottonseed oil cake prices experienced an increase of Rs 54, reaching Rs 3,620 per quintal in futures trade on Monday, driven by speculators establishing new positions in response to heightened demand.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for December delivery experienced an increase of Rs 54, or 1.51 percent, reaching Rs 3,620 per quintal, accompanied by an open interest of 17,610 lots.
Market participants indicated that the expansion of positions by traders, driven by a rising demand for cattle feed, primarily affected the prices of cottonseed oil cake.
