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A new cottonseed meal pellet made by Oilseeds Australia from a by-product of cottonseed oil extraction is in demand among livestock producers in drought-hit Queensland and NSW. The product, which blends cottonseed meal with barley, wheat or almond husks, has about 16% crude protein and has been sold for roughly 12 months.
Current output is about 30,000 tonnes a year, with plans to expand.
Strong drought-driven demand for alternative pellets tightens local feed supply and supports cottonseed meal use. The effect on commodity prices is limited because the volumes are small and regional.
farmonline.com.auPenelope Arthur, Andrew MarshallJul 29, 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.
