Prices for cotton candy fell by -0.66% to settle at 57100, mostly due to persistent concerns about demand. The Cotton Association of India (CAI) predicts that reduced planted acreage and productivity issues brought on by El Nino weather patterns will result in a 7.5% decrease in India’s cotton production for the 2023–2024 season, hitting 29.5…
Profit booking caused cotton candy to drop -0.54% to close at 58,700 after rising in response to the USDA’s October WASDE data. Citing reduced yields in Texas, the research reduced U.S. cotton production for 2023–2024 to 12.8 million bales. Fascinatingly, Brazil is on the verge of surpassing U.S. cotton exports for the first time since…
The cotton market’s recent events show that a variety of factors affect price performance and the dynamics of world output. Due to USDA’s October WASDE report, which decreased U.S. cotton production for 2023–2024 to 12.8 million bales, cotton candy witnessed a 1.07% increase, closing at 58,820. Texas’s lower yields were the main cause of this….
Due to profit booking, Cottoncandy had a -0.63% decline, finishing at 60,400 after earlier price hikes brought on by news of a pink bollworm attack in Haryana’s cotton region. Reduced output and consumption in the forecast period of 2023–24 provide problems for the global cotton business. Cotton output, exports, and ending stocks are expected to…
Prices of cotton candy increased by 0.3% to close at 61080. The increase was brought on by reports of a pink bollworm infestation in Haryana’s cotton growing region. The 2023–24 Cotton outlook shows that the global cotton sector is struggling with declines in both output and consumption. The U.S. cotton predictions for 2023–2024 are for…
