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Cottonseed oil cake futures on India's NCDEX rose Rs 5 to Rs 2,516 per quintal on June 7 as speculators added fresh positions. Open interest stood at 25,900 lots.
Marketmen attributed the gain to rising cattle-feed demand.
Stronger domestic cattle-feed demand supports Indian cottonseed meal prices, though the moves are small and mainly driven by speculative positioning.
timesofindia.indiatimes.comPTIJun 7, 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.
