Prices for cotton candy saw a little decrease of -0.45%, ultimately finishing at 56960. This was ascribed to profit booking following previous gains. The Cotton Association of India (CAI) has estimated that reduced planted acres and the influence of El Niño weather conditions will cause India’s cotton production for 2023–2024 to decline by 7.5% to…
Prices for cotton candy, which had previously been supported by variables impacting India’s cotton production, were at a halt at 57340 due to profit booking. According to projections, less planted acreage and the effects of El Nino weather will cause India’s cotton production to drop by 7.5% to 29.5 million bales in 2023–2024. According to…
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…
The difficulties India’s cotton sector suffered in the 2023–2024 season are reflected in Cottoncandy’s latest price hike of 1.05% to 57500. Reduced planted area and the effects of El Nino weather on productivity are the reasons for the anticipated 7.5% drop in cotton production to 29.5 million bales. This underscores the pressure on the domestic…
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…
The cotton market’s recent events show that a variety of factors affect price performance and the dynamics of world output. Due to USDA’s October WASDE report, which decreased U.S. cotton production for 2023–2024 to 12.8 million bales, cotton candy witnessed a 1.07% increase, closing at 58,820. Texas’s lower yields were the main cause of this….
The latest trading session saw cotton candy futures rise noticeably by 0.41%, ending at 58,620. This rise can be attributable to important changes in the cotton market, as described in the USDA’s October WASDE report. According to the analysis, American cotton production will be much lower in 2023–2024, with a projected output of 12.8 million…
As the new harvest season gets underway, increased supply forecasts caused cotton candy prices to fall by -0.73% to settle at 59,540. Increased arrivals as a result will put pressure on prices. India’s cotton exports experienced difficulties in 2022–2023 and decreased to a record low of 15.50 lakh bales. However, the downside is anticipated to…
As a new harvest season starts in October 2023, more arrivals are expected, which will put downward pressure on prices. As a result, cotton prices decreased by 0.97% to 58,960. Given that India’s cotton exports touched a record low of 15.50 lakh bales in 2022–2023, the scenario regarding cotton exports has been concerning. Despite supply…
Cotton prices fell by -0.81%, ending the day at 60900, mostly because of worries about demand from China. The cotton market in the United States for 2023–2024 shows higher initial stocks but decreased production, exports, and ending stocks. Higher beginning stocks for 2022–2023 were a result of unexpectedly substantial warehouse stockpiles reported for July 31,…
