New Delhi, May 14 — Cottonseed oil cake prices witnessed a modest rise in futures trading on Wednesday, climbing Rs 4 to Rs 2,966 per quintal. The upward movement was driven by renewed speculative interest and strong demand in the spot market.
On the National Commodity and Derivatives Exchange (NCDEX), the cottonseed oil cake contract for June delivery gained 0.13 per cent, with an open interest standing at 88,510 lots, indicating active participation from traders.
According to analysts, the price uptick was largely attributed to increased demand for cattle feed, prompting traders to build fresh positions. The broadening of open positions signalled a bullish outlook in the near term, further supported by firm trends in physical markets.
Cottonseed oil cake, a key component in livestock feed, continues to draw market attention amid seasonal consumption patterns and supply dynamics.
