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Cottonseed oil cake futures for April delivery rose Rs 66 to Rs 3,430 per quintal on the NCDEX on March 12, a gain of 1.92%. Open interest was 46,470 lots, with participants citing new positions and higher cattle-feed demand.
Stronger Indian cottonseed meal futures on cattle-feed demand point to firmer domestic protein feed costs. The move is a routine price change.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.