Cottoncandy prices rebounded by 1.82% to 55,950, driven by short covering after recent declines. The Cotton Association of India (CAI) raised India’s 2024-25 production forecast to 291.35 lakh bales, citing better output in Odisha.
However, CAI lowered its cotton consumption estimate and export forecast, signaling weaker domestic and overseas demand. India’s cotton exports are expected to drop by over 13 lakh bales compared to last year, while imports have already doubled year-on-year.
The USDA WASDE report revised down world cotton production for the 2025-26 season by over 800,000 bales, with significant cuts for India, the US, and Pakistan outweighing an increase for China.
