Cotton candy prices fell by 0.61% to 56,920 due to weak yarn market demand and payment constraints. The USDA reduced India’s cotton production forecast for the 2024-25 season to 30.72 million bales, with ending stocks lowered to 12.38 million bales due to crop damage. Global cotton production estimates have been raised by over 200,000 bales,…
Cotton Candy prices rose by 0.09% to 57,000 due to the USDA’s reduction in India’s cotton production forecast for the 2024-25 season to 30.72 million bales due to crop damage and pest issues. Ending stocks are expected to drop to 12.38 million bales. Acreage under cotton is down by about 9%, but higher yields from…
Cotton candy prices fell by 0.2% at 59,040, reflecting weakening ICE prices due to slow demand and improved crop conditions. Cotton acreage in India has decreased by 9% in the current kharif season, with 110.49 lakh hectares compared to 121.24 hectares last year. The Cotton Association of India expects total acreage for the year to…
Cotton candy prices rose 1.48% to 58,860, driven by concerns over declining acreage and supply tightness. The Kharif cropping season’s cotton acreage dropped by 9% to 110.49 lakh hectares, down from 121.24 lakh hectares last year. The Cotton Association of India predicts a total acreage of around 113 lakh hectares for this season. Due to…
The ICAC’s predictions for the 2024–25 season anticipate growth in cotton-producing areas, production, consumption, and trade. This led to a -0.58% decline in cotton candy prices, closing at 61,860. Cotton cultivation is expected to expand by 3% to 32.85 million hectares, yielding 25.22 million tonnes. Consumption is forecasted to increase by 2.9% to 25.37 million…
Cotton prices fell by -0.96% to 62040 due to profit-taking. Lower U.S. cotton predictions for 2023–2024 decreased production and ended inventories. U.S. production dropped by 334,000 bales to 12.1 million, with ending inventories reduced by 300,000 to 2.5 million. Despite this, upland producers maintained a projected 77.0 cents per pound price. Global cotton supply and…
The Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch has been urged by the Commodity Participants Association of India (CPAI) to request that MCX swiftly disclose the new cotton futures contract specification. The present contract will expire on December 30, according to CPAI President Nariender Wadhwa, who noted that MCX informed on…
