Now Reading: Indian cotton prices surge on global cues, strong mill demand
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Indian cotton prices surge on global cues, strong mill demand
Indian cotton prices have risen Rs 700-1,400 per candy in two weeks, driven by global trends, firm mill demand, and delayed new-crop arrivals. Cotton Corporation of India sold 70,000 bales on Monday,…
The Story in Brief
Indian cotton prices have risen Rs 700-1,400 per candy in two weeks, driven by global trends, firm mill demand, and delayed new-crop arrivals. Cotton Corporation of India sold 70,000 bales on Monday, with unsold stocks around 14 lakh bales. Cotton futures on ICE are near 84 cents per pound.
India's opening stocks for 2026-27 are projected at a record 93.59 lakh bales, up 68% from last year, due to record imports of 62 lakh bales, the Cotton Association of India reported. Consumption is pegged at 348 lakh bales. Kharif acreage has caught up to last year at 106 lakh hectares.
The Indian Opinion
The cotton story is being spun as a simple price rally, but the real picture is messier. Imports have hit a record 62 lakh bales, according to the Cotton Association of India, yet domestic prices are up Rs 1,400 per candy in two weeks. How can record imports and bumper acreage coexist with rising prices? The answer may lie in mill restocking and delayed arrivals, not genuine scarcity. Watch the September closing stocks figure: if it crosses 93 lakh bales, the price rally is unsustainable.
Sources (2): thehindubusinessline.com, thehindubusinessline.com (2)
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
