Cotton Rebounds on Short Covering, Higher Output Estimate

Cottoncandy prices rebounded by 1.82% to 55,950, driven by short covering after recent declines. The Cotton Association of India (CAI) raised India’s 2024-25 production forecast to 291.35 lakh bales, citing better output in Odisha. However, CAI lowered its cotton consumption estimate and export forecast, signaling weaker domestic and overseas demand. India’s cotton exports are expected…

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Jeera Drops on Weak Demand

Jeera prices fell by 0.1% to 19,965 following weak domestic and export demand during the peak retail season. The decline was largely due to subdued buying from overseas markets and inactivity from foreign buyers. Adequate existing stock levels and comfortable supply also weighed on prices. Farmers hold around 20 lakh bags of cumin, but only…

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