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Indian cottonseed processors have asked the government for a special support package to upgrade technology and build a stronger cottonseed oil market. The industry produces about 11 million tonnes of cottonseed oil, and only 5 percent of cottonseed is processed with modern methods.
Potential government support could raise crushing capacity and cottonseed meal output over time, but the request is only a proposal with no immediate supply or price effect.
news.textileexcellence.comTextile, Apparel Newspaper, MagazineSep 28, 2017Not 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.
