India, June 12 -- Cottonseed oil cake prices moved higher in futures trade on Friday as traders built fresh positions amid improving demand conditions.
On the National Commodity and Derivatives Exchange (NCDEX), cottonseed oil cake contracts for June delivery rose Rs 43, or 1.22%, to Rs 3,564 per quintal, with an open interest of 26,080 lots.
The contract had settled at Rs 3,521 per quintal in the previous session. Market participants attributed the rise to renewed buying activity and stronger demand, which supported gains in cottonseed oil cake futures.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....