India is set to purchase a record volume of cotton from farmers in the new season due to weaker demand and cheaper imports. The government raised the minimum support price (MSP) by 7.8% to ₹8,110 per 100 kg, but market prices remain around ₹7,000. The Cotton Corporation of India (CCI) is preparing to buy unlimited…
India’s cotton closing stocks are expected to rise 47% to 57.59 lakh bales for 2024-25, largely due to a surge in imports. The Cotton Association of India (CAI) predicts that imports will more than double to 39 lakh bales from last year’s 15.20 lakh bales. Domestic consumption is expected to rise to 314 lakh bales,…
Cottoncandy prices rebounded by 1.82% to 55,950, driven by short covering after recent declines. The Cotton Association of India (CAI) raised India’s 2024-25 production forecast to 291.35 lakh bales, citing better output in Odisha. However, CAI lowered its cotton consumption estimate and export forecast, signaling weaker domestic and overseas demand. India’s cotton exports are expected…
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…
India has slightly revised up its cotton production estimate for 2024-25 to 291.35 lakh bales, driven by a better crop in Odisha. However, demand for cotton is slowing down. Cotton consumption has fallen by 8 lakh bales to 307 lakh bales. Exports are also expected to fall sharply to 15 lakh bales, from 28.36 lakh…
Cotton prices fell 0.5% to ₹53,920 despite the Cotton Association of India (CAI) cutting its crop estimate. The decline came despite weak buying sentiment and profit-taking by investors. CAI has cut its 2024-25 cotton production estimate by 4 lakh bales to 291.30 lakh bales, mainly due to lower production in Maharashtra. Cotton imports are expected…
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 have declined by 0.41% to 53,510 due to increased supply and weak mill buying. Brazil’s cotton production for 2024-25 is expected to rise by 1.6% to 3.7616 million tons, with a 4.8% expansion in planting area. The Cotton Corporation of India (CCI) is expected to procure over 100 lakh bales at the…
Cotton candy prices dropped by 0.15% at ₹54,220, driven by the WASDE report, which projected a rise in global cotton production and ending stocks for the 2024/25 crop year. Global cotton production is estimated to increase by over 1.2 million bales, reaching 117.4 million bales, primarily due to higher production in India and Argentina. However,…
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….
