India, June 16 -- Cottonseed oil cake prices edged higher in futures trade on Tuesday as traders created fresh positions amid rising demand from the livestock feed sector.
On the National Commodity and Derivatives Exchange (NCDEX), cottonseed oil cake contracts for July delivery rose Rs 28, or 0.77%, to Rs 3,652 per quintal, with an open interest of 55,940 lots.
Market participants attributed the gains to fresh buying interest and increasing demand for cattle feed, which encouraged traders to expand their positions in the commodity.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....