New Delhi, March 9 Prices of cottonseed oil cake increased by Rs 64 to Rs 3,445 per quintal in futures trading on Monday, as speculators created fresh positions due to higher demand.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for April delivery traded higher by Rs 64, or 1.89%, at Rs 3,445 per quintal, with an open interest of 27,880 lots.
Market participants said that the increase in positions by participants, mainly due to increasing demand for cattle feed, mainly influenced the prices of cottonseed oil cake.
