Due to concerns about demand from the biggest buyer China, cotton prices fell as profit was booked

Profit taking caused by worries about China’s demand, a significant buyer, caused cotton candy prices to end the day down by -0.23% at 60,840. The estimates for cotton in the United States for 2023–2024 show higher initial stockpiles but decreased production, exports, and ending stocks. High beginning stocks for 2022–2023 were also a result of…

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A few supply-related worries from important U.S. growing regions have helped cotton prices rise

Concerns over the supply from important U.S. growing regions caused cotton candy prices to jump by 1.13% to settle at 61060. According to the U.S. Department of Agriculture (USDA), 31% of the cotton crop was in good to excellent condition, with a little reduction occurring after the passage of Hurricane Idalia. According to the USDA’s…

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Concerns about a downturn in China caused cotton to decline

Cotton candy yesterday decreased -0.23% to settle at 59840 as economic worries over the natural fiber’s major consumer, China, cast a shadow over demand projections. The next season (October 2023–September 2024) will likely see a 3% reduction in global cotton production, but consumption may remain unchanged, and ending inventories may be lower. The Cotton Association…

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Gains for cotton as global production is predicted to fall by 3% the next season

When compared to the current season (October 2023–September 2024), global cotton production is expected to decline by 3%, while consumption may remain flat and ending inventories may be lower. Cotton candy closed yesterday at 59980, up 0.1%. Concerns about a slowdown in China, the world’s biggest buyer, limit upside potential. According to the Cotton Association…

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