Cottonseed oil cake prices experienced an increase of Rs 11, reaching Rs 3,646 per quintal in futures trade on Wednesday. This uptick can be attributed to 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 11, or 0.30 percent, reaching Rs 3,646 per quintal, accompanied by an open interest of 16,780 lots.
Market participants indicated that the expansion of positions by traders, driven by a rising demand for cattle feed, primarily impacted the prices of cottonseed oil cake.
