Concerns over supply and persistent use are driving rises in cotton

Due to worries about supply and long-term cotton usage, cotton candy prices closed 0.3% higher at 60080. The 2023–2024 U.S. cotton balance sheet showed stable production but decreased ending stocks, increased exports, and decreased mill use. With the export projection increased to 12.3 million bales, ending stockpiles were anticipated to have disappeared by 20%, or…

Read More

As of 2023–2024, cotton gains Stocks of Cotton Endings Are Down This Month

The price of cotton showed tenacity during yesterday’s trading session, ending the day up 0.62% at 58680. The recent U.S. cotton balance sheet for the 2023–2024 season, which showed decreased ending stocks, increased exports, and stable output, is responsible for the upward trend. With a strong rate of shipments and sales, the export projection was…

Read More

Cotton declined as 1.3 million fewer bales were consumed globally in 2023–2024

The price of cotton candy, a vital product for the world’s textile sector, dropped by -0.03% to settle at 57720. Predictions for the 2023–2024 era show lower global consumption of cotton, especially in major cotton-producing countries like India, Indonesia, Pakistan, Uzbekistan, and Turkey. This reduction coincides with significant changes in the global cotton market. Higher…

Read More

Cotton fell since global consumption is expected to be lower in 2023–2024 than it was last month

Prices for cotton candy decreased by -0.17%, ending at 57740, as a result of adjustments to production and consumption estimates for the 2023–2024 season worldwide. There will be a 1.3 million bale drop in global consumption as a result of declines in Turkey, Indonesia, India, Pakistan, and Uzbekistan. This resulted in a 2.0 million bale…

Read More

Cotton fell as global consumption is expected to be lower than it was last month

Cotton prices, as indicated by Cotton candy, dropped by -0.63% to settle at 57020. Reduced predictions for global demand in 2023–2024 contributed to the decline, especially in major cotton-producing nations including Turkey, India, Indonesia, Pakistan, and Uzbekistan. In addition, a 2.0 million bale increase in world-ending stocks for 2023–2024 was caused by higher beginning stocks…

Read More

Cotton Gains Despite Increased Foreign Prices, Supported By A Decline In Unsold Inventory

The price of cotton candy saw a decrease of -0.66%, ending at 57620. This was driven by an increase in prices abroad as a result of a reduction in unsold inventory and a depreciating US dollar. For the 2023–2024 season, the world cotton market experienced revisions to its consumption forecasts. India, Indonesia, Pakistan, Uzbekistan, and…

Read More