The International Cotton Advisory Committee’s (ICAC) forecasts for the upcoming 2024–25 season caused a minor decline in cotton prices, which looks to have been reversed by short covering. Cotton candy prices are now up 0.13% to 61660. Global cotton output, commerce, consumption, and area are all expected to rise in the next years. The market…

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Cotton Gain as CCI procured 32.81 lakh bales of cotton so far this season

Cotton candy prices rose 0.87% to 62520, boosted by good developments in domestic and worldwide markets. The Cotton Corporation of India (CCI) reported significant cotton procurement, especially from Telangana, Andhra Pradesh, and Maharashtra, indicating strong domestic demand. Furthermore, the Cotton Association of India (CAI) raised its cotton production predictions for the current season, predicting higher…

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Cotton declined as CAI increased their production estimates to 309.70 lakh bales

Due to various reasons affecting the global cotton market, cotton prices fell by 0.8% Wednesday, ending at 62040 rupees per candy. In contrast to the earlier estimate of 294.1 lakh bales, the Cotton Association of India (CAI) increased its projections for cotton production for the current season, estimating a higher production of 309.70 lakh bales….

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The National Cotton Committee projects increased yields, exports, and consumption

The CCPC, comprising key stakeholders in cotton production, raised export and consumption projections for the current season, while also increasing crop estimates. In Mumbai, the Cotton Advisory Board, formerly CCPC, decreased last season’s production and upped import estimates during a recent meeting. The current season’s production is forecasted at 323.11 lakh bales, contrasting with last…

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As prices increased due to lower US ending stocks, cotton fell on profit booking

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…

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Cotton Decreased Following SIMA’s Request for Textile Mills to Prevent Panic Purchasing

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…

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Concerns over supply and persistent use are driving rises in cotton

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…

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