Cotton increased after India’s cotton production forecast was lowered by the USD to 30.72 million bales

Cotton candy prices rose by 1.7% to 57,420 due to supply concerns and reduced production forecasts. The USDA lowered India’s cotton production forecast to 30.72 million bales due to crop damage and pest issues. Ending stocks were reduced to 12.38 million bales, tightening supply. However, the upside was limited by weak yarn market demand and…

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MSP increased for seven Rabi crops, with mustard being a major beneficiary

The Indian government has raised minimum support prices (MSP) for seven rabi crops for the 2025-26 marketing season, with mustard and rapeseed being the most affected. The increase is expected to ensure remunerative prices for farmers and encourage crop diversification. Wheat’s MSP has been raised by Rs 150 per quintal. To reduce import dependence on…

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Prices for Jeera decline when the market is burdened by expectations of increased production

Jeera prices dropped by 1.7% to 25,500 due to expectations of higher production this season. However, the downside was limited due to strong domestic and export demand, tight global supplies, and farmers holding back stocks. Gujarat and Rajasthan saw increased sowing areas, leading to a 30% higher production forecast. China’s cumin production surged to over…

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USDA Reduces India’s Production Forecast to 30.72 Million Bales, Increasing Cotton Prices

Cotton candy prices rose by 0.11% at 56,810, driven by the USDA’s revision of India’s cotton production forecast for the 2024-25 season to 30.72 million bales, down from previous estimates due to crop damage and pest issues. However, the upside movement remains limited due to moderate demand and weak export activity, especially in key markets…

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