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…
Prices for cotton candy fell by -0.66% to settle at 57100, mostly due to persistent concerns about demand. The Cotton Association of India (CAI) predicts that reduced planted acreage and productivity issues brought on by El Nino weather patterns will result in a 7.5% decrease in India’s cotton production for the 2023–2024 season, hitting 29.5…
The mandatory certification of cotton bales under the Quality Control Order (QCO) has been approved by the Center, and the Ministry of Textiles expects this would increase the supply of high-quality cotton to the textile industry.According to officials, the requirement that cotton bales supplied in India have Bureau of Indian Standards (BIS) certification is intended…
Cotton growers in Telangana have planned to stage statewide protests in order to press their demand for $15,000 per quintal, which is lower than it was last year. In the State, cotton is farmed on over 50 lakh acres. Farmers continued to grow cotton in 2022, encouraged by the previous season’s record prices, which rose…
In anticipation of further drops in cotton prices and weak yarn demand, some spinning factories, notably in south India, are observing prolonged holidays for Diwali. Some millers, led by the Tamilnadu Spinners Association (TASMA), have urged Finance Minister Nirmala Sitharaman to prolong the window for duty-free import of cotton until March 31 because the demand…
Since the beginning of this month, cotton prices have increased 39% on the domestic Indian market. However, due to rain in many regions of the nation, cotton arrivals have decreased to a 20-year low.But as arrivals pick up steam in the current season (October 2022–September 2023), trade and industry officials say prices are predicted to…
