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Cottonseed oil cake futures on India's National Commodity and Derivatives Exchange rose Rs 28 to Rs 2,842 per quintal on April 5. Traders said new long positions and higher demand from cattle feed buyers drove the gain.
Stronger cattle feed demand for cottonseed cake in India supports domestic cottonseed meal prices. The move is a routine price change with no major new supply shock.
timesofindia.indiatimes.comPTI / Apr 5, 2023, 14:17 ISTApr 5, 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.
