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Cottonseed oil cake futures on India's National Commodity and Derivatives Exchange rose Rs 24 to Rs 2,600 per quintal on June 11 as speculators took new positions. Analysts attributed the gain to higher cattle feed demand.
Stronger cattle feed demand and speculative buying support Indian cottonseed cake prices in the near term. Buyers should watch whether demand holds or the rally fades.
thecapital.org.inJun 11, 2024Not 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.
