Cotton candy saw profit booking following recent increases, which caused it to close down 0.14% at 57960. India is predicted to produce 29.5 million bales of cotton in 2023–2024, a 7.5% decrease from previous years due to decreased planted area and the productivity impact of El Nino. From 1.25 million bales in the previous marketing…
Prices for cotton candy dropped somewhat, by -0.27%, to settle at 58,460. This decline was mostly caused by profit bookings after a recent price rise. The decrease coincides with the CAI’s prediction that India’s cotton output for the 2023–2024 season will decrease by 7.5% to 29.5 million bales as a result of reduced planted area…
Profit booking caused cotton candy to drop -0.54% to close at 58,700 after rising in response to the USDA’s October WASDE data. Citing reduced yields in Texas, the research reduced U.S. cotton production for 2023–2024 to 12.8 million bales. Fascinatingly, Brazil is on the verge of surpassing U.S. cotton exports for the first time since…
The cotton market’s recent events show that a variety of factors affect price performance and the dynamics of world output. Due to USDA’s October WASDE report, which decreased U.S. cotton production for 2023–2024 to 12.8 million bales, cotton candy witnessed a 1.07% increase, closing at 58,820. Texas’s lower yields were the main cause of this….
Following the USDA’s October WASDE report, which indicated that lower yields in Texas would limit U.S. cotton production in 2023–2024 to 12.8 million bales, cotton candy experienced a 0.66% gain, closing at 58,200. Brazil is predicted to produce more cotton than the United States, almost matching American exports of the crop for the first time…
The latest trading session saw cotton candy futures rise noticeably by 0.41%, ending at 58,620. This rise can be attributable to important changes in the cotton market, as described in the USDA’s October WASDE report. According to the analysis, American cotton production will be much lower in 2023–2024, with a projected output of 12.8 million…
As the new harvest season gets underway, increased supply forecasts caused cotton candy prices to fall by -0.73% to settle at 59,540. Increased arrivals as a result will put pressure on prices. India’s cotton exports experienced difficulties in 2022–2023 and decreased to a record low of 15.50 lakh bales. However, the downside is anticipated to…
As a new harvest season starts in October 2023, more arrivals are expected, which will put downward pressure on prices. As a result, cotton prices decreased by 0.97% to 58,960. Given that India’s cotton exports touched a record low of 15.50 lakh bales in 2022–2023, the scenario regarding cotton exports has been concerning. Despite supply…
Due to profit booking, Cottoncandy had a -0.63% decline, finishing at 60,400 after earlier price hikes brought on by news of a pink bollworm attack in Haryana’s cotton region. Reduced output and consumption in the forecast period of 2023–24 provide problems for the global cotton business. Cotton output, exports, and ending stocks are expected to…
Due to profit taking after earlier increases brought on by news of a pink bollworm assault in the cotton belt of Haryana, cotton candy prices saw a minor decline of -0.49% to 60,780. The cotton sector is battling decreased production and consumption in the global outlook for 2023–24. The cotton estimates for the United States…
