New Delhi, February 23 The prices of cottonseed oil cake rose by Rs 33 to Rs 3,335 per quintal in futures trading on Monday, driven by increased demand and speculative trading.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for March delivery traded higher by Rs 33, or 1%, at Rs 3,335 per quintal, with an open interest of 55,850 lots.
Market participants said that the increased demand for cattle feed, along with the widening of positions by traders, primarily influenced the prices of cottonseed oil cake.
