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Brazilian cottonseed processor Icofort inaugurated a 259,000 square meter plant in Nova Mutum, Mato Grosso, with capacity of 216,000 tonnes of cottonseed and 108,000 tonnes of refined oil. The company targets R$1.2 billion revenue for the 2024/25 season.
Added crushing capacity in Mato Grosso will increase domestic cottonseed meal supply in Brazil over time, a modest bearish factor for cottonseed meal prices.
valorinternational.globo.comPaulo SantosNov 29, 2024Not 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.
