# Cottonseed Futures Plummet As Market Eyes Gujarat Cotton Crop

> NCDEX cottonseed oilcake futures slipped to Rs 2575 per quintal, down 0.81% on the day, and hovered near contract lows. Traders are looking ahead to a pickup in cotton sowing in Gujarat, India's largest producer, and the Cotton Association of India estimates the 2021-22 crop at 33.51 million bales versus 35.30 million the previous season.

- Date: 2022-06-30 · published 2022-06-30T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/41063-cottonseed-futures-plummet-as-market-eyes-gujarat-cotton-crop
- Commodities: [Cottonseed Meal](https://feedsoft.ai/c/CSM.md)

## Why it matters

Cottonseed oilcake is a protein meal used in Indian feed, so a falling benchmark signals softer meal costs for buyers. Expected larger sowing supports the bearish tilt in near-term meal prices.

## Read by commodity

- CSM: bearish ▼

## Sources

- indiainfoline.com: https://www.indiainfoline.com/news/markets/cottonseed-futures-plummet-as-market-eyes-gujarat-cotton-crop

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.