Cottonseed oil cake futures moved higher on Friday as traders built fresh positions amid rising demand in the cattle feed segment.
On the National Commodity and Derivatives Exchange (NCDEX), cottonseed oil cake contracts for June delivery climbed Rs 32, or 1.58%, to Rs 3,485 per quintal, with an open interest of 18,710 lots.
Market participants said stronger demand for cattle feed and fresh buying activity by traders supported the rise in cottonseed oil cake prices.