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HomeBusinessCottonseed oil cake futures rise on buying of fresh positions

Cottonseed oil cake futures rise on buying of fresh positions

New Delhi, May 5 (PTI) Cottonseed oil cake prices on Thursday rose by Rs 24 to Rs 2,893 per quintal in futures trade as speculators created fresh positions on firm spot demand.

On the NCDEX, cottonseed oil cake for delivery in May rose by Rs 24, or 0.84 per cent, to Rs 2,893 per quintal with a business turnover of 95,530 lots.

Traders said widening of positions by participants amid rising demand from cattle feed makers at the spot market mainly led to the rise in cottonseed oil cake futures here.

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