As of 2023–2024, cotton gains Stocks of Cotton Endings Are Down This Month

The price of cotton showed tenacity during yesterday’s trading session, ending the day up 0.62% at 58680. The recent U.S. cotton balance sheet for the 2023–2024 season, which showed decreased ending stocks, increased exports, and stable output, is responsible for the upward trend. With a strong rate of shipments and sales, the export projection was…

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Cotton declined as 1.3 million fewer bales were consumed globally in 2023–2024

The price of cotton candy, a vital product for the world’s textile sector, dropped by -0.03% to settle at 57720. Predictions for the 2023–2024 era show lower global consumption of cotton, especially in major cotton-producing countries like India, Indonesia, Pakistan, Uzbekistan, and Turkey. This reduction coincides with significant changes in the global cotton market. Higher…

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Cotton fell since global consumption is expected to be lower in 2023–2024 than it was last month

Prices for cotton candy decreased by -0.17%, ending at 57740, as a result of adjustments to production and consumption estimates for the 2023–2024 season worldwide. There will be a 1.3 million bale drop in global consumption as a result of declines in Turkey, Indonesia, India, Pakistan, and Uzbekistan. This resulted in a 2.0 million bale…

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Cotton fell as global consumption is expected to be lower than it was last month

Cotton prices, as indicated by Cotton candy, dropped by -0.63% to settle at 57020. Reduced predictions for global demand in 2023–2024 contributed to the decline, especially in major cotton-producing nations including Turkey, India, Indonesia, Pakistan, and Uzbekistan. In addition, a 2.0 million bale increase in world-ending stocks for 2023–2024 was caused by higher beginning stocks…

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Cotton fell as global consumption was predicted to be lower than it was last month

Cotton candy prices saw pressure from lower global consumption predictions for the 2023–2024 season, but they ended the day up 0.76% at 55,660 thanks to low-level buying. Turkey, Pakistan, India, Indonesia, and Uzbekistan are expected to have lower consumption expectations, which accounts for the predicted drop of 1.3 million bales. Nevertheless, a rise in global…

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The price of cotton remained unchanged, and 311 lakh bales are anticipated to be demanded in India

Cotton prices held steady at 55600, indicating market stability, according to the Cotton Association of India (CAI). According to CAI, domestic cotton consumption will remain unchanged at 311 lakh bales for the 2023–24 season. The season’s pressing estimates remain at 294.10 lakh bales. The observations of the CAI are based on information provided by other…

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