Cotton candy prices have declined by 0.41% to 53,510 due to increased supply and weak mill buying. Brazil’s cotton production for 2024-25 is expected to rise by 1.6% to 3.7616 million tons, with a 4.8% expansion in planting area.
The Cotton Corporation of India (CCI) is expected to procure over 100 lakh bales at the Minimum Support Price this season. India’s cotton output for 2024-25 is estimated at 301.75 lakh bales, down from 327.45 lakh bales in the previous season.
As of January 2025,the total cotton supply was 234.26 lakh bales, with an estimated cotton consumption of 114 lakh bales till January 2025. The CAI maintained its domestic consumption projection at 315 lakh bales, with export estimates for 2024-25 at 17 lakh bales, lower than the previous season’s 28.36 lakh bales.
