New Delhi, March 4 Prices of cottonseed oil cake rose by Rs 32 to Rs 3,385 per quintal in futures trading on Wednesday, as speculators created fresh positions due to increased demand.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for April delivery traded higher by Rs 32, or 0.95 percent, at Rs 3,385 per quintal, with an open interest of 17,440 lots.
Market participants said the increased positions by participants, primarily driven by increasing demand for cattle feed, mainly influenced the prices of cottonseed oil cake.
