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Cottonseed prices have surged despite an almost record cotton harvest, with stable prices around A$550/t in the Riverina. Strong forward export contracts to China and dry-weather demand in northern NSW and Queensland have kept supply tight.
Some buyers report that cottonseed is hard to source.
Dry-weather supplementary feeding demand and tight export-driven supply are lifting cottonseed meal and feed costs for Australian livestock buyers. Prices may ease only if rain returns.
beefcentral.comEric BarkerAug 17, 2023Not 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.
