News Capsule: Cotton Market Strengthens: Domestic Prices Cross ₹60,000 per Candy
11-Apr-2026 01:27 PM
News Capsule: Cotton Market Strengthens: Domestic Prices Cross ₹60,000 per Candy
★ Cotton prices in India have continued to strengthen, crossing ₹60,000 per candy (356 kg) for the first time this season. Over the past two weeks, the Cotton Corporation of India (CCI) has raised cotton prices by ₹1,400 per candy, including a fresh increase of ₹300 on Friday.
★ The rally is mainly driven by strong gains in the international ICE futures market, where July cotton futures rose above 73 cents per pound — the highest level since June 2024.
★ Key reasons behind the price rise include higher expected cotton consumption in China and India, increased yarn buying from China, strong demand from multinational companies, and domestic cotton prices staying above MSP levels.
★ Prices of 30 CCH yarn have also risen sharply in recent weeks, climbing from ₹235 per kg to ₹295 per kg.
★ However, cash buying by mills remains limited, which may keep cotton prices stable at current higher levels for some time.