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On Thursday, cottonseed oil cake prices rose by Rs 36 to reach Rs 3,534 per quintal in futures trading. The National Commodity and Derivatives Exchange reported a 1.02% increase for September delivery contracts, with prices climbing to Rs 3,534 per quintal and an open interest of 24,300 lots.
Market analysts attributed the price hike to new speculative positions and growing demand for cattle feed, which influenced the rise in cottonseed oil cake prices.
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