New Delhi: Cottonseed oil cake prices rose by Rs 2 to Rs 2,914 per quintal in futures trade on Wednesday as speculators created fresh positions amid strong demand.
On the National Commodity Exchange (NCDEX), cottonseed oil cake contracts for December delivery rose by Rs 2, or 0.07 percent, to Rs 2,914 per quintal with a turnover of 12,560 lots.
Market sources said the rise in cottonseed oil cake prices was mainly driven by participants increasing their bet sizes amid rising demand for animal feed.
