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Market move● Neutral for Indian equities
Easing global prices, rising arrivals and muted demand likely to weigh on Indian cotton prices
The brief
- Easing global prices, rising arrivals and muted demand are likely to weigh on Indian cotton prices
- Crop size may be lower due to declining area and deficient rainfall
- Lower cotton prices pressure Indian cotton growers, while cheaper inputs may benefit textile manufacturers
- Edible oils duty cut: Indian govt has to balance consumers’ and farmers’ interest, says Agriculture Minister
- India’s fertiliser subsidy may exceed ₹3 lakh crore in the current fiscal
- Govt lowers foodgrain production target by 2.63 mn tonnes for 2026-27 over El Nino fears
- Jaishankar Warns Of 'Major Food Crisis' In Coming Months Amid Disrupted Grain Shipments, Fertilizers Shortage, Super El Nino
- India’s kharif crops output may be lower, crops in winter season also at risk in rainfed areas