Cotton candy prices rose slightly by 0.18% to 54,500, but bearish fundamentals remain. The Cotton Association of India (CAI) revised India’s 2024-25 cotton production to 291.35 lakh bales, attributed to higher output in Odisha. However, sluggish domestic consumption, exports, and ending stocks are weighing on the outlook. India’s cotton consumption estimate was reduced by 8…
Cotton candy prices fell by 1.14% to ₹54,670 due to profit booking and concerns over a shrinking domestic crop. The Cotton Association of India (CAI) revised its production forecast by 4 lakh bales to 291.30 lakh bales, mainly due to reduced output in Maharashtra. Despite the lower crop outlook, prices saw limited upside due to…
Cottoncandy prices rose by 0.15% to ₹55,110 due to a downward revision in domestic crop estimates by the Cotton Association of India (CAI). CAI has reduced its 2024-25 production forecast by 4 lakh bales to 291.30 lakh bales of 170 kg each, mainly due to lower yields in Maharashtra. Total cotton supply up to March-end…
Cotton candy prices rose by 0.5% to ₹54,100 due to expectations that the Cotton Corporation of India will procure over 100 lakh bales at the Minimum Support Price. The Cotton Association of India revised its crop projections for the 2024-25 season by 2 lakh bales, bringing the total output to 304.25 lakh bales. Domestic consumption…
Cotton candy prices in India have dropped by 0.08% to ₹53,290 due to revised crop projections by the Cotton Association of India (CAI). The updated estimate is now at 304.25 lakh bales, 2 lakh bales higher than earlier forecasts, largely due to better-than-expected yields in Telangana. However, cotton prices remain under pressure as the US…
Cotton candy prices have fallen by 0.11% to ₹54,820, as global cotton production for CY 2024-25 is projected to rise by over 1.2 million bales to 117.4 million bales, driven by increased output in India and Argentina. However, cotton arrivals in Punjab, Haryana, and Rajasthan have declined by 43%, raising concerns across the supply chain….
Till mid-December 2024, the Cotton Corporation of India (CCI) has procured over 31 lakh bales of cotton at the Minimum Support Price (MSP). Telangana and Maharashtra are leading in the procurement of cotton. CCI has projected that the cotton procurement in 2024-25 will be higher than last year at 33 lakh bales with higher MSP….
