India, Oct. 29 -- Cottonseed oil cake futures prices rose by Rs. 16 to Rs. 3,675 per quintal on Thursday, supported by fresh position-building by speculators amid rising demand.
On the National Commodity and Derivatives Exchange (NCDEX), cottonseed oil cake contracts for December delivery gained Rs. 16, or 0.44%, to Rs. 3,675 per quintal, with an open interest of 16,150 lots.
Market participants attributed the price increase to traders expanding their positions amid growing demand for cattle feed, which supported cottonseed oil cake futures.
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