Loading…
Cottonseed prices in India have risen 50-100% above the MRP of Rs 850 per packet ahead of kharif sowing. The increase follows a steep fall in seed production last year caused by heavy rains in Telangana and Andhra Pradesh.
Demand for top brands is strong while overall inventory is adequate.
Higher seed costs point to possible shifts in cotton planting, which could affect future cottonseed supply for meal and oil, although the effect on feed prices is limited.
thehindubusinessline.comKV KurmanathJun 18, 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.
