February 4, 2025
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Tag: U.S.cotton production

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 as CAI reduced its production forecast for the 2023–2024 season

Mahalakshmi@fastura.com02 mins

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…

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