Cottonseed oil cake futures moved higher on Wednesday as traders created fresh positions amid rising demand in the market.
On the National Commodity and Derivatives Exchange (NCDEX), cottonseed oil cake contracts for June delivery gained Rs 11, or 0.31%, to Rs 3,604 per quintal, with an open interest of 44,740 lots.
Market participants attributed the rise to fresh buying by traders, supported by increasing demand for cattle feed in the physical market.
The positive demand outlook encouraged investors to expand their positions, lending support to cottonseed oil cake prices in futures trading.