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Cottonseed oil cake futures on India's National Commodity and Derivatives Exchange rose Rs 33 to Rs 2,985 per quintal for December delivery on November 23. Speculators added new positions amid higher demand for cattle feed.
Rising speculative positions and cattle feed demand point to firmer Indian cottonseed meal prices, which may support regional protein costs.
psuwatch.comPTINov 23, 2023Not 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.
