Cotton prices, as indicated by Cotton candy, saw a slight increase of 0.04%, ultimately reaching 56180. The Cotton Association of India (CAI) has not altered its pressing forecast of 294.10 lakh bales weighing 170 kg apiece for the 2023–24 season. Market arrivals, imports, and opening stocks made up the 92.05 lakh bales total supply that the CAI President, stated as of the end of November.
The prevalence of pink bollworm infestation in cotton crops has decreased, according to reports, from 30.62% in 2017–18 to 10.80% in 2022–2023. There has been a noticeable decrease in the infestation, which nevertheless affects cotton-growing regions nationwide.
The price of cotton increased by 0.04%, as reported by Cotton candy, and ended up at 56180. Its urgent prediction of 294.10 lakh bales weighing 170 kg each for the 2023–2024 season has not changed, according to the Cotton Association of India (CAI). As of late November, the overall supply, as reported by CAI President, was 92.05 lakh bales, which included market arrivals, imports, and opening stocks.
As to statistics, the incidence of pink bollworm infestation in cotton fields has reduced from 30.62% in 2017–18 to 10.80% in 2022–2023. Though it still affects cotton-growing regions across the country, there has been a discernible decline in the infestation. From a technical perspective, the market is closing short, resulting in a settlement at 209 and no change in open interest.
