Cotton candy prices fell by 0.68% to ₹55,280 due to weaker export data and a 47% decline in weekly export sales of upland cotton. However, domestic cotton yarn prices in South India have risen due to stronger demand for the garment industry and robust export orders.
India’s cotton production for 2024/25 is projected to decline by 7.4% year-on-year to 30.2 million bales, primarily due to reduced acreage and crop damage caused by excessive rainfall. India’s cotton imports are expected to rise to 2.5 million bales, while exports may fall to 1.8 million bales.
Globally, cotton production is expected to rise, with increases in China, Brazil, and Argentina offsetting reductions in the U.S. and Spain. The USDA lowered U.S. cotton production to 14.2 million bales due to Hurricane Helene.