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Newly harvested Indian cotton is arriving in northern markets at prices at least 10% above the government minimum support price. Arrivals are around 10,000 bales daily and the North Indian crop is expected to exceed last year's 65 lakh bales.
A larger cotton crop increases cottonseed availability for crushing, which can add meal supply to Indian feed markets. Strong raw cotton prices, however, support cottonseed values.
agrinews.inAgriNewsSep 20, 2021Not 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.
