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Indian cotton prices hit a seasonal low of Rs 53,000 per candy on weak demand and falling cottonseed prices. Prices have since shown signs of recovery with CCI MSP-based purchases, and the Cotton Association of India forecast a 7% drop in 2024-25 output.
Lower cottonseed availability from a smaller cotton crop could tighten cottonseed meal supply later in the season, though current prices reflect weak demand.
market-tracker.inNov 23, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
