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Cottonseed oilcake prices in India hit a low of Rs 1,380 in March after a long decline from 2016 highs. Technical analysis sees a strong support zone at Rs 1,360-1,400.
Rising international cotton prices and firmer CBOT soymeal are cited as supports for a recovery.
Firmer cotton and soymeal prices support the outlook for domestic cottonseed meal values. Summer seasonal demand from rural feed users could add further support.
m.economictimes.comET CONTRIBUTORSApr 4, 2018Not 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.
