The price of cotton, depicted as cotton candy, increased slightly by 0.07% to settle at 56420. Based on information from trade sources and state associations that cultivate cotton, the Cotton Association of India (CAI) kept its pressing estimate for the 2023–24 season at 294.10 lakh bales. With market arrivals, imports, and opening stockpiles included, the…
The Cotton Association of India (CAI) maintained its pressing forecast for the 2023–24 season at 294.10 lakh bales weighing 170 kg apiece, which helped lift the cotton prices, which were represented by Cotton candy, to close up 0.75% at 56,120. Atul S. Ganatra, President of c, stated that opening stocks, imports, and market arrivals combined…
Prices for cotton, which are shown above as “Cotton candy,” increased somewhat by 0.11% to settle at 55940. For the current 2023–2024 season, the Cotton Association of India (CAI) updated their cotton production projection to 29.4 million bales. This negative revision was ascribed to farmers uprooting plants and pink bollworm infestation damage in Haryana. In…
Cotton candy futures saw a -0.35% decline, closing at 56720, mostly as a result of concerns that cotton fields were being impacted by pink bollworm infestation. The infestation dropped significantly between 2017–18 (30.62%) and 2022–2023 (10.80%). From a two-year peak of 87,770 bales on December 1st, certified cotton stockpiles available for delivery against contracts fell…
As traders struggled with worries about short-term supply shortages, cotton prices, depicted as Cotton Candy, finished up 0.25% at 57000. The certified cotton stocks, deliverable against the contract, have decreased from their previous peak on December 1st to 6,325 bales on December 5th, indicating a tightening supply scenario. The International Cotton Advisory Committee (ICAC) predicts…
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…
Following previous support from India’s predicted 7.5% reduction in cotton production for 2023–2024, profit booking caused the cotton market to marginally decline by -0.28% to settle at 57340. This drop was caused by elements like reduced planted areas and the effects of El Nino weather. The Cotton Association of India (CAI) predicts that imports would…
As the harvest season went on, worries about demand from China the major consumer caused cotton candy to decline by -1.14%, to settle at 57300. Estimates of increasing imports have been prompted by India’s projected 7.5% reduction in cotton production for 2023–2024, which is mostly due to reduced planted area and weather effects from El…
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…
Prices of cotton candy increased by 0.3% to close at 61080. The increase was brought on by reports of a pink bollworm infestation in Haryana’s cotton growing region. The 2023–24 Cotton outlook shows that the global cotton sector is struggling with declines in both output and consumption. The U.S. cotton predictions for 2023–2024 are for…
