CottonCandy prices rose by 0.05% to ₹55,390 due to profit booking and strong demand from garment industries and export orders. India’s cotton production for 2024/25 is projected to decline by 7.4% due to reduced acreage and crop damage from excessive rainfall.
The USDA revised its forecast to 30.72 million bales, lowering ending stocks to 12.38 million bales. The Cotton Association of India expects imports to increase to 2.5 million bales, while exports are expected to fall to 1.8 million bales. Domestic demand is expected to be 31.3 million bales.
Globally, cotton production is expected to rise in China, Brazil, and Argentina, while ending stocks are projected at 76.3 million bales. The US production estimates have been lowered to 14.2 million bales due to hurricane damage.
