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…
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…
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…
The difficulties India’s cotton sector suffered in the 2023–2024 season are reflected in Cottoncandy’s latest price hike of 1.05% to 57500. Reduced planted area and the effects of El Nino weather on productivity are the reasons for the anticipated 7.5% drop in cotton production to 29.5 million bales. This underscores the pressure on the domestic…
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…
