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…
Prices for cotton candy dropped somewhat, by -0.27%, to settle at 58,460. This decline was mostly caused by profit bookings after a recent price rise. The decrease coincides with the CAI’s prediction that India’s cotton output for the 2023–2024 season will decrease by 7.5% to 29.5 million bales as a result of reduced planted area…
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…
Due to profit booking, Cottoncandy had a -0.63% decline, finishing at 60,400 after earlier price hikes brought on by news of a pink bollworm attack in Haryana’s cotton region. Reduced output and consumption in the forecast period of 2023–24 provide problems for the global cotton business. Cotton output, exports, and ending stocks are expected to…
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…
A pink bollworm infestation reportedly damaging the cotton belt in Haryana caused cotton prices to rise 0.63%, closing at 60900. The 2023–24 Cotton prognosis indicates that the global cotton industry is, nonetheless, struggling with decreased production and consumption. Forecasts for 2023–2024 in the United States show higher beginning stocks but decreased output, exports, and ending…
Prices for cotton candy stayed the same at 60520, with investor mood being affected by worries over Chinese demand. Pink bollworm infection in the Haryana cotton belt is adding to market concerns. According to the 2023–24 Cotton Outlook, the cotton sector is struggling with major declines in both output and consumption on a global scale….
Cotton prices, shown as “Cotton candy,” dropped significantly by -0.85%, ending the day at 60,540. This decrease is in keeping with the difficulties facing the global cotton sector, which will likely see a decline in both output and consumption throughout the forecast period of 2023–24. According to predictions, the U.S. will produce and export less…
