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Pakistan's Minister for National Food Security Syed Fakhar Imam met the Pakistan Cotton Ginners Association, which reported declining cotton output and taxes on cottonseed cake used as livestock feed. The minister pledged to pursue Chinese seed technology and take the taxation issue to the Finance Division.
Falling Pakistani cotton output and taxes on cottonseed cake could tighten local cottonseed meal supply for dairy feed, though the effect on international prices is limited.
mettisglobal.newsMG NewsJun 29, 2020Not 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.
