India, June 24 -- Cottonseed oil cake prices moved higher in futures trade on Wednesday, with the June contract gaining Rs 16, or 0.43%, to Rs 3,705 per quintal on the National Commodity and Derivatives Exchange (NCDEX).
The contract recorded an open interest of 50,130 lots, reflecting active participation from market players.
According to traders, the rise in prices was driven by fresh position-building and increased demand for cattle feed, which encouraged buying interest and supported the upward movement in cottonseed oil cake futures.
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