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Sudanese cotton output has reportedly fallen about 80% this season after pests, including cotton mealybug and bacterial blight, damaged the crop. The loss also reduces supplies of cottonseed, cottonseed meal and cottonseed oil.
Sudan is a modest exporter of these by-products, mainly to China, Egypt and Turkey.
Because Sudan's by-product exports are small, the effect on global cottonseed meal supply and prices is limited, though it trims regional export availability.
tridge.comMzingaye NdubiwaDec 13, 2019Not 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.
