New Delhi, February 18 Prices of cottonseed oil cake rose by Rs 42 to Rs 3,257 per quintal on Wednesday in futures trading, as speculators created new positions due to increased demand.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for March delivery traded higher by Rs 42, or 1.31%, at Rs 3,257 per quintal, with an open interest of 58,460 lots.
Market participants said that the increased demand for cattle feed, along with the widening of positions, primarily influenced the prices of cottonseed oil cake.