Cotton candy, a symbol for cotton prices, closed at 57300, up 0.53%, as traders struggled with worries about short-term supply constraints. Deliverable against contracts, certified cotton stockpiles fell significantly from 87,770 bales on December 1st to 6,325 bales on December 5th, according to ICE statistics. This stock market fall increased market anxiety. 253.71 thousand tons…
As traders struggled with worries about short-term supply shortages, cotton prices, depicted as Cotton Candy, finished up 0.25% at 57000. The certified cotton stocks, deliverable against the contract, have decreased from their previous peak on December 1st to 6,325 bales on December 5th, indicating a tightening supply scenario. The International Cotton Advisory Committee (ICAC) predicts…
Cotton prices, as measured by Cotton candy, fell by -0.7% to settle at 56380, primarily due to a pessimistic forecast for the world cotton market. For the second year in a row, the International Cotton Advisory Committee (ICAC) predicted that worldwide cotton production would be surplus due to production exceeding consumption. In the 2023–2024 season,…
Cottoncandy’s price of cotton saw a slight uptick of 0.11%, ultimately settling at 57160. The Cotton Association of India (CAI) revised its cotton output estimate for the current 2023/2024 season to 29.4 million bales, which is credited with the upswing. The amendment mentioned plant uprooting by farmers and infestations of pink bollworms as causes of…
Cottoncandy saw a small increase of 0.07%, ultimately settling at 56740, as a result of factors affecting cotton production worldwide. India, a major participant in the cotton market, is predicted to produce 29.5 million bales of cotton in 2023–2024, a 7.5% decrease from the previous year. Contributing variables mentioned include lower planted areas and the…
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…
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…
Cotton candy saw profit booking following recent increases, which caused it to close down 0.14% at 57960. India is predicted to produce 29.5 million bales of cotton in 2023–2024, a 7.5% decrease from previous years due to decreased planted area and the productivity impact of El Nino. From 1.25 million bales in the previous marketing…
