Cotton candy prices have fallen by 0.11% to ₹54,820, as global cotton production for CY 2024-25 is projected to rise by over 1.2 million bales to 117.4 million bales, driven by increased output in India and Argentina.
However, cotton arrivals in Punjab, Haryana, and Rajasthan have declined by 43%, raising concerns across the supply chain. Farmers are holding back kapas in anticipation of higher prices, causing raw material shortages for ginners and spinners, particularly in Punjab.
Demand for cotton yarn in South India has increased due to robust garment industry requirements and strong export orders. The Cotton Association of India maintains its 2024-25 season consumption estimate at 313 lakh bales.
