The USDA’s weekly sales data showed that cotton candy was in strong demand, as evidenced by its 1.32% gain at 58320. In comparison to the previous week, net sales for 2023/2024 increased by 69% to 349,400 running bales, above the four-week average by 37%. Strong demand especially from China and Vietnam helped exports hit a…
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…
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,…
Cotton candy prices saw a little increase of 0.07%, ultimately settling at 57240. This increase was mostly driven by the Cotton Association of India’s (CAI) revised downward projection of cotton production for the current 2023–2024 season. Concerns about decreased cotton output were exacerbated by the revision, which mentioned damage in Haryana caused by pink bollworm…
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…
As the harvest season went on, worries about demand from China the major consumer caused cotton candy to decline by -1.14%, to settle at 57300. Estimates of increasing imports have been prompted by India’s projected 7.5% reduction in cotton production for 2023–2024, which is mostly due to reduced planted area and weather effects from El…
Cotton candy saw profit booking following recent increases, which caused it to close down 0.14% at 57960. India is predicted to produce 29.5 million bales of cotton in 2023–2024, a 7.5% decrease from previous years due to decreased planted area and the productivity impact of El Nino. From 1.25 million bales in the previous marketing…
Prices for cotton candy dropped somewhat, by -0.27%, to settle at 58,460. This decline was mostly caused by profit bookings after a recent price rise. The decrease coincides with the CAI’s prediction that India’s cotton output for the 2023–2024 season will decrease by 7.5% to 29.5 million bales as a result of reduced planted area…
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…
