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Commodity picks: September 30, 2019

Cotton seed oil cake prices at the benchmark Akola market are trading at Rs 3,400 per quintal

Cotton
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Cotton

Prerana Desai
Cotton
 
Cotton benchmark price of good quality S6 in Rajkot is at around Rs 19,800 (MCX). The crop is sharply higher compared to the lower base last year. Imports have also been much higher than expected. Export parity remains elusive at current prices. Negative global cues, subdued demand and adverse currency movements will take prices to around 19,000 per bale or lower in the next few weeks.

Cotton seed oil cake (CoC)
 
CoC prices at the benchmark Akola market are trading at Rs 3,400 per quintal.  For the week ahead, CoC prices expected to decline by Rs  80-120 per quintal and

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First Published: Sep 29 2019 | 10:25 PM IST

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