India, Jan. 9 -- Cottonseed oil cake prices moved higher in futures trade on Friday, gaining Rs 15 to Rs 3,308 per quintal, as traders built fresh positions amid rising demand.
On the National Commodity and Derivatives Exchange (NCDEX), cottonseed oil cake contracts for February delivery advanced by Rs 15, or 0.46 per cent, to trade at Rs 3,308 per quintal, with an open interest of 48,490 lots.
Market participants said the increase in positions, supported by higher demand from the cattle feed segment, mainly drove the rise in cottonseed oil cake prices.
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