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Cottoncandy 

Cotton candy prices settled down by -0.26% at 57,270, pressured by weak demand in theyarn markets and payment constraints. The USDA has lowered India's cotton productionforecast for the 2024-25 season to 30.72 million bales due to crop damage from excessiverains and pest infestations, while ending stocks have also been reduced to 12.38 millionbales. Despite this, global cotton production is expected to rise, with increases in China,Brazil, and Argentina offsetting declines in the U.S. and Spain. In India, cotton acreage hasdropped by around 9% in the current kharif season, falling to 110.49 lakh hectares from121.24 lakh hectares last year, leading to an anticipated 7.4% drop in production to 30.2million bales. India's lower production is expected to reduce exports to 1.8 million bales from2.85 million bales a year ago, while cotton imports are projected to rise to 2.5 million bales,supporting global prices. The Cotton Association of India (CAI) attributes the decline inproduction to a significant reduction in planted area, especially in Gujarat, where farmershave shifted to more profitable crops like groundnuts. On the global front, the U.S. cottonbalance sheet for 2024/25 reflects lower production, mill use, and exports due to damagefrom Hurricane Helene. World ending stocks are slightly reduced to 76.3 million bales, withweaker demand from China. Technically, cotton candy is under fresh selling, with openinterest rising by 1.52% to 134 contracts. Prices have fallen by 150, with support now at56,980 and a further test at 56,700. Resistance is likely at 57,520, and a move above thislevel could push prices toward 57,780.

BUY COTTONCANDY NOV @ 57000 SL 56600 TGT 57400-57600. MCX

Cocudakl

SELL COCUDAKL DEC @ 3060 SL 3110 TGT 3000-2960. NCDEX

Kapas

SELL KAPAS APR @ 1590 SL 1600 TGT 1575-1565. NCDEX