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Cottonseed oilcake futures on the NCDEX rose Rs 16 (0.44%) to Rs 3,687 per quintal on Friday for the December contract. Trading volume was 16,330 lots, driven by spot demand from cattle feed manufacturers and speculative buying.
Stronger feed-manufacturer demand and fund buying lift cottonseed meal input costs for livestock feeders in India. The rally points to firmer near-term prices for this protein meal.
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.