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Australian cottonseed traders warn of significant supply shortages in 2020 after drought in Queensland and NSW is forecast to yield a crop of only about 1 million bales. That implies 250,000-260,000t of cottonseed against domestic demand of 300,000-500,000t.
Cottonseed is trading around $580/t ex-Darling Downs, with prices seen below the early-2019 peak near $800/t due to small herd and flock numbers.
A structural shortfall in cottonseed supports prices for cottonseed-based feed, while weak livestock herds cap how high those prices can climb. Feed buyers in northern Australia should expect firm but not peak-level cottonseed costs.
farmonline.com.auPenelope ArthurJul 23, 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.
