Cotton candy prices have dropped slightly by 0.22% at ₹54,320 due to rising global cotton production projections for the 2024-25 season. Global cotton production is projected to rise by over 1.2 million bales to 117.4 million bales, with India and Argentina being key producers.
However, India’s three primary cotton-producing states, Punjab, Haryana, and Rajasthan, have experienced a 43% decline in kapas arrivals compared to last year, causing concerns throughout the supply chain.
Cotton yarn prices in South India have also increased due to rising demand from garment industries and strong export orders. The Cotton Association of India (CAI) maintains its cotton consumption estimate for the 2024-25 season at 313 lakh bales of 170 kgs each.
Cotton imports into India are expected to rise significantly to 25 lakh bales from 15.20 lakh bales last season. The global cotton balance sheet for 2024/25 shows increased production, consumption, and ending stocks, with India’s crop contributing a significant portion.
