Cottonseed oil cake prices on Friday increased by Rs 11 to Rs 3,714 per quintal in futures trade, 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 11, or 0.30 percent, reaching Rs 3,714 per quintal, accompanied by an open interest of 18,620 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.
