Cotton candy prices fell by 0.34% to ₹55,360 per candy, driven by profit booking and rising cotton yarn demand in southern India. India’s cotton production for 2024/25 is expected to drop by 7.4% due to reduced acreage and crop damage caused by excessive rainfall and pest infestations.
The USDA lowered India’s production estimate to 30.72 million bales while ending stocks were reduced to 12.38 million. Global production estimates were raised by 200,000 bales, driven by increases in China, Brazil, and Argentina, offset declines in the U.S. and Spain.
India’s cotton imports are projected to rise to 2.5 million bales, while exports may drop to 1.8 million bales due to reduced domestic production. 300,000 bales lowered U.S. cotton production due to hurricane damage, while global trade is expected to drop by 500,000 bales.
