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Cotton cake futures in India have struggled to move higher for three to four weeks as expensive prices discouraged physical buying, with rains in Maharashtra and Telangana adding pressure. The August contract settled the week 2.3% lower at 2871 rupees per quintal.
Tight cottonseed supply and firm edible oil prices are expected to support cotton cake values in coming months. Buyers stepping in on dips suggest underlying support for cottonseed meal prices.
krishijagran.comAbhijeet BanerjeeJul 10, 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.
