Rising Cotton Prices Despite Declining Production and Export Prospects
CottonCandy prices rose by 0.05% to ₹55,390 due to profit booking and strong demand from garment industries and export orders. India’s cotton production for 2024/25 is projected to decline by 7.4% due to reduced acreage and crop damage from excessive rainfall. The USDA revised its forecast to 30.72 million bales, lowering ending stocks to 12.38…