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New cotton arrivals at the Bodeli APMC in Chhota Udepur, Gujarat, are fetching Rs 8,600 to 8,800 per quintal. Those prices are below the government support price of Rs 8,667 for long-staple cotton, which has angered farmers who want better rates.
Prices below the support level point to weak domestic cotton demand at harvest, which could mean ample cottonseed for crushing. The effect on feed-ingredient markets is small.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.