# Cotton Seed Oilcake recovers from a vital <NO>key <NO>long-term low - The HinduBusinessLine

> Cottonseed oilcake futures on NCDEX rebounded from an August low of ₹1,365 a quintal and were trading near ₹1,590. Spot demand and restricted supplies have supported the recovery, which an analyst says may signal the end of a downtrend that began in September 2016.

- Date: 2017-11-21 · published 2017-11-21T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/68108-cotton-seed-oilcake-recovers-from-a-vital-and-lt-no-and-gt-key-and-lt-no-and-gt
- Commodities: [Cottonseed Meal](https://feedsoft.ai/c/CSM.md)

## Why it matters

Firmer domestic oilcake prices raise feed costs for Indian animal-feed buyers and point to tighter cottonseed meal availability.

## Read by commodity

- CSM: bullish ▲

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/portfolio/technical-analysis/commodity-calls/cotton-seed-oilcake-recovers-from-a-vital-longterm-low/article9968743.ece

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.