India, Jan. 22 -- Cottonseed oil cake prices edged higher on Thursday, with futures gaining Rs 18 to Rs 3,378 per quintal, as speculators built fresh positions amid improved demand.
On the National Commodity and Derivatives Exchange (NCDEX), cottonseed oil cake contracts for February delivery rose by Rs 18, or 0.54 per cent, to Rs 3,378 per quintal, with an open interest of 55,330 lots.
Market participants said that fresh buying and widening of positions, supported by rising demand for cattle feed, mainly drove the uptick in cottonseed oil cake futures during the session.
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