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Cottonseed oil cake futures in India hit the daily upper limit of 4%, rising Rs 65 to Rs 1,697 per quintal on June contracts, as speculators built long positions. Low carryover stocks and strong buying by cattle-feed makers drove the move.
Tight carryover stocks and firm feed demand in India point to higher cottonseed meal prices in the near term.
business-standard.comPress Trust of IndiaJun 14, 2017Not 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.
