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Chinese cotton prices dropped nearly 1,000 yuan/mt in just over ten days as ICE cotton futures fell to a near five-year low below 70 cents/lb. Cottonseed prices in Xinjiang eased to about 3,000-3,050 yuan/mt, while cotton linter prices remained relatively stable.
Weak cotton prices pull cottonseed values lower, which affects the cost and availability of cottonseed meal used in feed, though linter stability limits the direct impact.
chinatexnet.comJul 1, 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.
