Low-level purchasing caused cotton prices to slightly rise, settling at 55240 with a 0.25% increase. Nevertheless, given that world consumption is expected to be 1.3 million bales lower in 2023–2024 than in the previous month, global dynamics have put pressure on pricing. Key cotton-producing nations like India, Indonesia, Pakistan, Uzbekistan, and Turkey are anticipated to…
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…
Profit booking after previous gains caused cotton prices, as represented by Cottoncandy, to somewhat drop, ending at 56160. Market attitude was influenced by the Cotton Association of India (CAI) maintaining its pressing forecast of 294.10 lakh bales for the 2023–24 season. With market arrivals, imports, and opening stocks included, the total supply was anticipated to…
Due to profit-taking after recent advances, cotton candy saw a small decrease of -0.32%, ultimately finishing at 56240. In order to influence market dynamics, the Cotton Association of India (CAI) kept its pressing forecast for the 2023–24 season at 294.10 lakh bales. The President of CAI said that opening inventories, imports, and market arrivals were…
The price of cotton, depicted as cotton candy, increased slightly by 0.07% to settle at 56420. Based on information from trade sources and state associations that cultivate cotton, the Cotton Association of India (CAI) kept its pressing estimate for the 2023–24 season at 294.10 lakh bales. With market arrivals, imports, and opening stockpiles included, the…
The Cotton Association of India (CAI) maintained its pressing forecast for the 2023–24 season at 294.10 lakh bales weighing 170 kg apiece, which helped lift the cotton prices, which were represented by Cotton candy, to close up 0.75% at 56,120. Atul S. Ganatra, President of c, stated that opening stocks, imports, and market arrivals combined…
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…
Cotton candy, a symbol for cotton prices, closed at 57300, up 0.53%, as traders struggled with worries about short-term supply constraints. Deliverable against contracts, certified cotton stockpiles fell significantly from 87,770 bales on December 1st to 6,325 bales on December 5th, according to ICE statistics. This stock market fall increased market anxiety. 253.71 thousand tons…
As traders struggled with worries about short-term supply shortages, cotton prices, depicted as Cotton Candy, finished up 0.25% at 57000. The certified cotton stocks, deliverable against the contract, have decreased from their previous peak on December 1st to 6,325 bales on December 5th, indicating a tightening supply scenario. The International Cotton Advisory Committee (ICAC) predicts…
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,…
