India, May 12 -- Cottonseed oil cake futures edged higher on Tuesday as traders built fresh positions amid rising demand in the cattle feed segment.
On the National Commodity and Derivatives Exchange (NCDEX), cottonseed oil cake contracts for June delivery rose by Rs 22, or 0.64%, to Rs 3,463 per quintal. Open interest in the contract stood at 42,310 lots.
Market participants attributed the rise in prices to fresh buying activity and improving demand for cattle feed, which supported sentiment in the commodity market.
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