
Cotton Rises on Short Covering Despite Higher Output Forecast
Cottoncandy prices rose by 0.55% to 53,500, despite an upward revision in India’s cotton production estimate. The Cotton Association of India (CAI) revised the production forecast slightly higher to 291.35 lakh bales, primarily due to improved yields in Odisha. However, 8 lakh bales lowered consumption estimates to 307 lakh bales, and exports were revised down…