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Indian cotton cake prices in Kadi and Akola are offered at Rs 2925-3000/qtl, up about Rs 150/qtl over three weeks, as lean raw cotton arrivals and thin stocks tighten supply. The article cites the USDA's latest report pegging 2021/22 global cotton ending stocks down 1.7 million bales to 89.3 million.
Tighter cottonseed supply and firm cotton balance sheets support cottonseed meal values for feed buyers, with the price outlook pointing higher in coming months.
krishijagran.comAbhijeet BanerjeeJun 21, 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.
