Cotton candy prices fell by 0.58% to 53,600, driven by a slight upward revision in India’s cotton production estimates and tepid trade sentiment.
The Cotton Association of India (CAI) raised the country’s output projection slightly to 291.35 lakh bales for the 2024-25 season, mainly due to higher production in Odisha.
However, the cotton trade remains subdued, with domestic consumption estimates revised downward by 8 lakh bales to 307 lakh bales and exports trimmed by 1 lakh bales to 15 lakh bales.
Imports remain firm at 33 lakh bales, significantly higher than last year’s 15.20 lakh bales. By April, 27.5 lakh bales had already been imported, and ending stocks are forecasted to rise to 32.54 lakh bales by September 2025.
