Obtenez 3 mois à 0,99 $/mois

OFFRE D'UNE DURÉE LIMITÉE
Page de couverture de Cotton Chaos: India's Import Duty Dilemma Squeezes Farmers

Cotton Chaos: India's Import Duty Dilemma Squeezes Farmers

Cotton Chaos: India's Import Duty Dilemma Squeezes Farmers

Écouter gratuitement

Voir les détails du balado

À propos de cet audio

 https://www.instagram.com/vanessaclarkipai

This is your Daily Cotton Price Tracker with Vanessa Clark podcast.

Hey everyone, this is Vanessa Clark with the Daily Cotton Price Tracker, and welcome back to another episode. I hope you're having an amazing Thanksgiving if you're celebrating today. Markets are closed, but we have some really interesting developments to talk about in the cotton world that happened just before the holiday break.

Let me start with the trading action we saw on Wednesday. Cotton futures were up significantly, climbing between 30 to 99 and 34 points in the nearby contracts. We're seeing December 2025 cotton close at 62.77 cents per pound, up 34 points, and March 2026 cotton at 64.57 cents per pound, also up 34 points. May 2026 futures closed at 65.75 cents, up 32 points. Basically, cotton was heading into this holiday weekend with some nice gains.

The Cotlook A Index jumped 25 points on Monday, reaching 74.35 cents. We also saw the online auction from The Seam on November 25th move 6,457 bales at an average price of 59.97 cents per pound. ICE certified cotton stocks remained steady at 20,344 bales as of November 25th.

Now here's where things get interesting on the global front. While prices are climbing in the futures markets, there's a serious disconnect happening in India right now. Cotton prices there have fallen 700 to 800 rupees below the government's minimum support price. The MSP is set at 7,710 rupees per quintal for medium staple cotton and 8,110 rupees for long staple varieties, but farmers are actually receiving around 6,988 rupees per quintal. That's a massive hit for Indian cotton growers.

The reason? India recently reduced cotton import duty to zero, which was extended through December 31st. While textile mills and traders are benefiting from cheaper imported cotton, farmers are struggling. Imports have skyrocketed from 1.55 million bales in 2023-24 to over 4.1 million bales in 2024-25. When mills can get cotton from abroad at lower prices, why would they pay more for domestic production? It's creating real frustration among farmers.

The adjusted world price sits at 50.80 cents per pound, down 103 points from the previous week, reflecting some of this global pressure and weak international demand.

So what does this mean for you listening? If you're involved in cotton trading or textile production, watch how this Indian situation unfolds. The policy decision about import duty will be crucial. And if you're tracking global cotton prices, remember that while the futures markets show strength going into this holiday period, the real story on the ground is more complicated with farmers facing pressure and demand remaining sluggish worldwide.

That's what we're watching in the cotton markets right now. Thanks so much for tuning in to the Daily Cotton Price Tracker. Be sure to subscribe so you don't miss our next episode when we'll have fresh updates on these evolving trends. I'm Vanessa Clark, and I'll see you next time.

For more http://www.quietplease.ai

Check out Vanessa on Instagram https://www.instagram.com/vanessaclarkipai
For some deals, check out
https://amzn.to/4hSgB4r

This content was created in partnership and with the help of Artificial Intelligence AI
Pas encore de commentaire