CottonCandy rose 0.54% to ₹53,780, driven by India’s upward crop revision and strong demand from garment industries. The Cotton Association of India (CAI) increased its 2024-25 cotton production estimate by 2 lakh bales to 304.25 lakh bales, mainly due to higher output in Telangana.
However, North Indian production is expected to decline by 3.5 lakh bales, with Punjab, Haryana, and Rajasthan experiencing a 43% drop in kapas arrivals by November-end.
Despite increased supply, demand remains robust, with cotton yarn prices in South India rising due to strong export orders and higher consumption estimates. The WASDE report projects global cotton production to increase by 1.2 million bales to 117.4 million bales.
