New Delhi, March 23 The price of cottonseed oil cake rose by Rs 11 to Rs 3,493 per quintal in futures trading on Monday, 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 11, or 0.32 percent, to Rs 3,493 per quintal, with an open interest of 58,590 lots.
Market participants said the increase in positions by participants, mainly due to increasing demand for cattle feed, primarily influenced the price of cottonseed oil cake.
