Cotton rises on short covering after output revision

Cotton candy prices rose slightly by 0.18% to 54,500, but bearish fundamentals remain. The Cotton Association of India (CAI) revised India’s 2024-25 cotton production to 291.35 lakh bales, attributed to higher output in Odisha. However, sluggish domestic consumption, exports, and ending stocks are weighing on the outlook. India’s cotton consumption estimate was reduced by 8…

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Cotton Increases as CAI Reduces Lower Yield Output Estimate to 301.75 Lakh Bales

Cotton candy prices rose by 0.09% to ₹54,420 in January 2025, despite lower production estimates for the 2024-25 season. The Cotton Association of India projected total cotton output at 301.75 lakh bales, a decline from 327.45 lakh bales in the previous season. However, the quality of cotton remains strong. As of January 2025, the total…

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Cotton increased because it is anticipated that CCI will purchase over 100 lakh bales of cotton at MSP

Cotton candy prices rose by 0.5% to ₹54,100 due to expectations that the Cotton Corporation of India will procure over 100 lakh bales at the Minimum Support Price. The Cotton Association of India revised its crop projections for the 2024-25 season by 2 lakh bales, bringing the total output to 304.25 lakh bales. Domestic consumption…

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Cotton Declined Due to Payment Restrictions and Poor Demand in Yarn Markets

Cotton candy prices declined by 0.52% to ₹55,910. India’s cotton production is forecast to decline by 7.4% to 30.2 million bales for 2024/25, with reduced acreage and high rainfall damaging crops. The USDA slightly overestimated the production figure at 30.72 million bales, but lowered ending stocks to 12.38 million bales. Cultivated area declined significantly to…

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