# Cottonseed oil cake futures rise on fresh bets | Business

> Cottonseed oil cake futures on India's National Commodity and Derivatives Exchange rose Rs 9 to Rs 2,642 per quintal on Thursday for September delivery. Speculators added fresh positions with open interest of 41,940 lots. The move was attributed to firm spot demand from cattle-feed makers.

- Date: 2022-08-25 · published 2022-08-25T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/40158-cottonseed-oil-cake-futures-rise-on-fresh-bets-business
- Commodities: [Cottonseed Meal](https://feedsoft.ai/c/CSM.md)

## Why it matters

Firm domestic demand from feed makers supports Indian cottonseed meal prices, a modest bullish signal for cottonseed meal as a feed ingredient. The move is a routine futures fluctuation rather than a supply shock.

## Read by commodity

- CSM: bullish ▲

## Sources

- devdiscourse.com: https://www.devdiscourse.com/article/business/2155279-cottonseed-oil-cake-futures-rise-on-fresh-bets

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.