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The Indian government fixed the maximum retail price of Bt cottonseed at ₹864 per packet for Bollgard II for the 2024-25 kharif season, the smallest hike since 2019. The notification was issued under the Essential Commodities Act, with sowing set to begin with the monsoon in June.
A regulated seed price with a small increase has little direct effect on feed or oilseed meal prices, though it signals a possible shift in Indian cotton acreage and cottonseed supply.
thehindubusinessline.comBL New Delhi BureauMar 9, 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.
