Indian cotton prices reached a seasonal low of ₹53,000 per candy due to weak demand and declining cottonseed prices. However, prices have shown signs of recovery, with support from the Cotton Corporation of India’s (CCI) MSP-based purchases. Raw cotton prices remain below the MSP, and cottonseed prices have dropped due to weaker demand. Daily cotton…
Cotton candy prices rose by 1.7% to 57,420 due to supply concerns and reduced production forecasts. The USDA lowered India’s cotton production forecast to 30.72 million bales due to crop damage and pest issues. Ending stocks were reduced to 12.38 million bales, tightening supply. However, the upside was limited by weak yarn market demand and…
28 lakh bales, or almost 80%, of the crop year 2023–24, or the season ending in September, is projected to be exported as cotton. There were 15.50 lakh bales of cotton exported in the preceding crop year. Higher than anticipated supplies from Maharashtra and Gujarat, the estimated pressing estimates for the 2023–24 season are 323.03…
