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Cottonseed oil cake futures on India's NCDEX fell Rs 20.50 to Rs 1,452 per quintal for July delivery on June 25. The decline followed weak physical markets, where feed makers were not buying against ample stocks.
Weak feed-maker demand and ample stocks point to lower near-term cottonseed meal prices in India, a bearish signal for this feed ingredient.
business-standard.comPress Trust of IndiaJun 25, 2018Not 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.
