Cotton increased because it is anticipated that CCI will purchase over 100 lakh bales of cotton at MSP

Cotton candy prices rose by 0.5% to ₹54,100 due to expectations that the Cotton Corporation of India will procure over 100 lakh bales at the Minimum Support Price. The Cotton Association of India revised its crop projections for the 2024-25 season by 2 lakh bales, bringing the total output to 304.25 lakh bales. Domestic consumption…

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Cotton fell as higher production and ending stocks were predicted by the Wasde report

Cotton candy prices dropped by 0.15% at ₹54,220, driven by the WASDE report, which projected a rise in global cotton production and ending stocks for the 2024/25 crop year. Global cotton production is estimated to increase by over 1.2 million bales, reaching 117.4 million bales, primarily due to higher production in India and Argentina. However,…

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Concerns about global production and profit booking cause cotton candy prices to decline

Cotton candy prices fell by 0.34% to ₹55,360 per candy, driven by profit booking and rising cotton yarn demand in southern India. India’s cotton production for 2024/25 is expected to drop by 7.4% due to reduced acreage and crop damage caused by excessive rainfall and pest infestations. The USDA lowered India’s production estimate to 30.72…

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Cotton Prices Increase as 7-Year Low Production Is Anticipated in India in 2024–2025

Cotton candy prices rose by 0.25% to 55,610 due to concerns over India’s cotton production, which is forecasted to decline by 7.4% in 2024/25 to 30.2 million bales. The USDA revised India’s cotton production estimate to 30.72 million bales and reduced ending stocks to 12.38 million bales. India’s cotton planting area has decreased significantly, with…

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