Prices for cotton candy rose by 0.4% to 57,640 INR, mostly due to a notable decrease in the area used for cotton farming in Rajasthan, Haryana, and Punjab. After reporting 16 lakh hectares of cotton last year, these states now record 10.23 hectares under cotton. Just 97,000 hectares of cotton were grown in Punjab, dramatically…
Prices for cotton candy decreased by 0.12% to $58170 due to forecasts for good weather that will increase supply from important growing locations. The negative impact was, however, mitigated by a delay in Brazilian and US supplies, which led to a demand for Indian cotton from mills in nearby nations. Furthermore, stable cottonseed prices are…
A weak milling demand amid dampened yarn demand in the global market was the main cause of yesterday’s little fall in cotton candy, which saw a closing price of -0.24 % at 58,540. However, India was spared negative pressure because Bangladesh and Vietnam remained major buyers of its cotton. The International Cotton Advisory Committee (ICAC)…
Yesterday saw pressure on cotton candy, which ended up down -0.95% at 56600. This was mostly because of worries about slow milling demand amid a slowdown in yarn demand worldwide. The bearish feeling was further exacerbated by the possibility of a better crop in nations such as Australia. On the other hand, strong demand from…
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…
Considering a global supply rise predicted after July, the Southern India Mills’ Association (SIMA) advised textile mills to refrain from panic buying amid rising cotton prices. Net sales decreased by 69% in 2023/2024 compared to the previous week and 83% from the previous 4-week average, according to data released by the U.S. Department of Agriculture…
Concerns over supply and continued cotton usage drove cotton prices, as represented by Cottoncandy, to register a significant increase of 1.21%, ultimately settling at 61660. In contrast to the previous month, the U.S. cotton balance sheet for 2023–2024 revealed lower ending stocks due to greater exports and less mill use, while output stayed constant. A…
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…
Cotton candy prices saw a little increase of 0.07%, ultimately settling at 57240. This increase was mostly driven by the Cotton Association of India’s (CAI) revised downward projection of cotton production for the current 2023–2024 season. Concerns about decreased cotton output were exacerbated by the revision, which mentioned damage in Haryana caused by pink bollworm…
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…
