December 22, 2024
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Tag: cotton stockpiles

Concerns about global production and profit booking cause cotton candy prices to decline

Mahalakshmi@fastura.com01 mins

Cotton candy prices fell by 0.34% to ₹55,360 per candy, driven by profit booking and rising cotton yarn demand in southern India. India’s cotton production for 2024/25 is expected to drop by 7.4% due to reduced acreage and crop damage caused by excessive rainfall and pest infestations. The USDA lowered India’s production estimate to 30.72…

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Gains for cotton result from CAI lowering its estimate to 29.4 million bales

Mahalakshmi@fastura.com02 mins

Prices for cotton, which are shown above as “Cotton candy,” increased somewhat by 0.11% to settle at 55940. For the current 2023–2024 season, the Cotton Association of India (CAI) updated their cotton production projection to 29.4 million bales. This negative revision was ascribed to farmers uprooting plants and pink bollworm infestation damage in Haryana. In…

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