India, May 13 -- Cottonseed oil cake futures rose on Wednesday as traders increased fresh positions amid improving demand in the market.
On the National Commodity and Derivatives Exchange (NCDEX), cottonseed oil cake contracts for June delivery climbed Rs 34, or 0.96 per cent, to Rs 3,530 per quintal, with open interest standing at 47,100 lots.
Market participants said the rise in prices was largely driven by fresh buying activity and higher demand for cattle feed, which supported sentiment in the cottonseed oil cake market.
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