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Indian cottonseed prices rose about 25% in a month, from ₹2,400 to ₹3,000 per quintal, following a sustained rally in cotton prices on weak crop prospects. Cottonseed cake and cottonseed oil are becoming more expensive.
Some processors have cut operations to about 30% of capacity because of the pricing gap.
Higher cottonseed cake prices make cattle feed costlier and may push farmers toward maize as a substitute, which could support corn demand locally.
thehindubusinessline.comOur BureauApr 9, 2019Not enough comparable past events yet for a historical read.
Not 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.
