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Indian cottonseed cake prices fell Rs 100-125 per quintal at Akola and Kadi in the week before May 3 as weak cotton and lower buying interest pressured the market. Stockists sold at discounts because oil cake cannot be stored long.
Weaker domestic cake prices signal softer Indian cottonseed meal demand for cattle feed, though the price pressure later reversed in the following week.
thehindubusinessline.comSubramani Ra MancombuMay 13, 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.
