Cotton candy prices dropped by 0.15% at ₹54,220, driven by the WASDE report, which projected a rise in global cotton production and ending stocks for the 2024/25 crop year.
Global cotton production is estimated to increase by over 1.2 million bales, reaching 117.4 million bales, primarily due to higher production in India and Argentina.
However, concerns persist in India’s northern cotton-producing states, where kapas (unginned cotton) arrivals have dropped by 43% compared to last year, causing supply chain issues and raw material shortages.
Cotton yarn prices in South India increased due to rising demand from the garment industry and strong export orders. Cotton consumption in India is expected to rise to 302.25 lakh bales for the 2024/25 season.
