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Gujarat cotton prices have risen to about Rs 1,500 and cottonseed oil has become more expensive, narrowing the gap with groundnut oil to about Rs 100. Farmers are expected to plant more cotton this year, with early sowing projected to reach 27 lakh hectares versus 25.53 lakh last year.
Expected higher cotton acreage in India would increase cottonseed supply for crushing, while the higher cotton price supports cottonseed and cottonseed meal values.
allgujaratnews.inAdminJun 19, 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.
