A few supply-related worries from important U.S. growing regions have helped cotton prices rise

Concerns over the supply from important U.S. growing regions caused cotton candy prices to jump by 1.13% to settle at 61060. According to the U.S. Department of Agriculture (USDA), 31% of the cotton crop was in good to excellent condition, with a little reduction occurring after the passage of Hurricane Idalia. According to the USDA’s…

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Cotton farmers receive additional “long staple” attention in the budget

Extra-long staple cotton, a specialty crop with strong demand in the textile sector, was given a huge boost by the host of initiatives Finance Minister Nirmala Sitharaman announced for increased productivity and improved rewards to farmers. “We will use public-private partnerships (PPP) to adopt a cluster-based and value chain approach to increase the productivity of…

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