Softer global prices and higher arrivals push India cotton to ₹64,500–65,500 per candy
AI Market Summary
Softening global cotton benchmarks and rising new-crop arrivals are pulling Indian spot and auction prices lower amid muted mill demand and ample short-term inventories. Cottonseed declines add further pressure to raw cotton realizations, while upcoming October arrival acceleration reinforces near-term supply-driven weakness. Weather-related production risks from rainfall deficits may limit downside later, but near-term flow data and import policy remain key swing factors.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT+0.72%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▼ Bearish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Global cotton prices have weakened, with New York ICE December cotton futures falling from a late-August peak of 93 cents per pound to about 80.13 cents per pound. India’s domestic cotton prices have eased to ₹64,500–65,500 per candy, while Cotton Corporation of India auction rates have been cut by about ₹1,200 over the past two days. Cottonseed prices have also declined by ₹300–400, as arrivals rise and demand remains subdued.
