The price of cotton candy saw a decrease of -0.66%, ending at 57620. This was driven by an increase in prices abroad as a result of a reduction in unsold inventory and a depreciating US dollar. For the 2023–2024 season, the world cotton market experienced revisions to its consumption forecasts. India, Indonesia, Pakistan, Uzbekistan, and…
Prices for cotton candy showed signs of life, finishing 0.45% higher at 57500 after recently declining due to a predicted decline in global consumption for the 2023–2024 season. The main causes of the decline in consumption are the reduced projections for Turkey, Indonesia, Pakistan, India, and Uzbekistan. In addition, higher beginning stocks, increased output, and…
Due to profit-taking after recent advances, cotton candy saw a small decrease of -0.32%, ultimately finishing at 56240. In order to influence market dynamics, the Cotton Association of India (CAI) kept its pressing forecast for the 2023–24 season at 294.10 lakh bales. The President of CAI said that opening inventories, imports, and market arrivals were…
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 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…
Following the USDA’s October WASDE report, which indicated that lower yields in Texas would limit U.S. cotton production in 2023–2024 to 12.8 million bales, cotton candy experienced a 0.66% gain, closing at 58,200. Brazil is predicted to produce more cotton than the United States, almost matching American exports of the crop for the first time…
Due to profit taking after earlier increases brought on by news of a pink bollworm assault in the cotton belt of Haryana, cotton candy prices saw a minor decline of -0.49% to 60,780. The cotton sector is battling decreased production and consumption in the global outlook for 2023–24. The cotton estimates for the United States…
Profit taking caused by worries about China’s demand, a significant buyer, caused cotton candy prices to end the day down by -0.23% at 60,840. The estimates for cotton in the United States for 2023–2024 show higher initial stockpiles but decreased production, exports, and ending stocks. High beginning stocks for 2022–2023 were also a result of…
Cotton candy yesterday decreased -0.23% to settle at 59840 as economic worries over the natural fiber’s major consumer, China, cast a shadow over demand projections. The next season (October 2023–September 2024) will likely see a 3% reduction in global cotton production, but consumption may remain unchanged, and ending inventories may be lower. The Cotton Association…
Cotton Association of India (CAI) kept its prediction for the cotton crop production for the 2022–2023 season at 311.18 lakh bales, causing Cottoncandy to close yesterday’s trading session up 0.07% at 60800. According to a CAI statement, 307.05 lakh bales of cotton were produced overall during the most recent cotton season. The CAI has assessed…
