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Namoi Cotton reported a 133% rise in half-year EBITDA to $20.9M for the half to August 31, 2022, on cotton ginned volumes that doubled. Flooding in New South Wales caused logistics disruption at its Wee Waa distribution centre.
This is a company earnings report with no direct price mechanism for feed commodities. Cottonseed marketing volumes rose 97%, but the effect on prices is marginal.
graincentral.comEmma AlsopOct 27, 2022Not 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.
