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Cottonseed oilcake futures on the National Commodity and Derivatives Exchange in India rose Rs 20 to Rs 2,179 per quintal for May delivery, a 0.93% gain. Speculative position accumulation and firm spot demand from cattle-feed industries drove the move.
Firm spot demand from cattle-feed buyers and speculative buying point to near-term support for cottonseed meal prices in India, a modest move with limited global read-through.
business-standard.comPress Trust of IndiaMar 31, 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.
