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Cottonseed oil cake futures on the NCDEX rose Rs 41 to Rs 2,535 per quintal on Monday as speculators added fresh long positions. Marketmen attributed the gain to firm spot demand from cattle-feed makers.
Rising demand from Indian cattle-feed makers supports cottonseed meal values, a local protein alternative to soymeal. Price direction for the feed protein is firmer in the near term.
businessworld.inSep 13, 2021Not 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.
