Cottonseed Oil Cake Futures Rise on Fresh Demand

Cottonseed oil cake prices increased by Rs 4 to Rs 2,974 per quintal in futures trading on Tuesday, driven by fresh speculative positions amid rising demand.

On the National Commodity and Derivatives Exchange (NCDEX), cottonseed oil cake for June delivery traded 0.13% higher at Rs 2,974 per quintal, with an open interest of 88,030 lots.

Market analysts attributed the price rise to expanding positions by traders amid growing demand for cattle feed, which primarily influenced cottonseed oil cake futures.

The upward trend reflects the market’s anticipation of sustained demand in the near term.