25th Sept - US$ 240-250 With the new good crop expectation for cotton
the prices are going downwards. The Dec futures for cottonseed oilcake has dropped
by around 5% in last 3 weeks.
4th Sept. - US$ 270-280 Cotton
seed oilcake moved further down due to good cotton crop expectation and depriciation
of rupee. The futures trading for Sep was down by 6.5% during last couple of week
and quoting below the spot rates.
20th August - US$ 290-300
Due to good monsoon this season and appreciating dollar the commodity prices
have shown the decline. The sept. commodity future was down by almost 6% during
this month. 30th July - US$ 310-320 The cotton seed oilcake prices
have dropped down in last few days due to good monsoon in its major producing
region. But this year it is expected that the acerage of cotton is low as it replaced
by soybean and groundnut which have given better realisations to farmers in last
season. |