Cotton Prices on the Rise: CCI Hikes and Shankar-6 Surge Signal Market Rebound
Mumbai, July 10, 2025 – The cotton market has witnessed significant activity over the past 40 days, with the Cotton Corporation of India (CCI) adjusting its per candy pricing multiple times amid global currency fluctuations and a steady rise in Shankar-6 cotton prices.
CCI Price Revisions: A Volatile Phase
From June 1 to July 10, 2025, CCI revised its cotton candy prices 11 times, reflecting a mix of bearish and bullish sentiments:
Price Drops:
June 2: Down ₹300
June 10: Down ₹500
June 20: Down ₹500
These early reductions signaled a subdued market environment, likely influenced by weak global cues and currency pressures.
Price Increases:
June 25: Up ₹100
June 27: Up ₹100
June 30: Up ₹200
July 1: Up ₹200
July 7: Up ₹100
July 8: Up ₹200
July 9: Up ₹200
July 10: Up ₹200
Starting late June, the trend reversed with eight consecutive hikes, indicating improved demand and bullish outlook from both mills and traders.
Shankar-6 Cotton Prices: Strong Uptrend
Shankar-6 quality cotton, a benchmark for Indian cotton, also mirrored the bullish trend, moving from ₹54,100 per candy on June 2 to ₹56,400 on July 10, marking a net increase of ₹2,300 per candy. Notable jumps include:
June 30 to July 1: ₹54,750 → ₹55,000
July 7 to July 10: ₹55,600 → ₹56,400
This consistent rise suggests robust buying interest and tight supply in key growing regions.
Dollar-Rupee Dynamics: Mild Fluctuations
The USD-INR exchange rate ranged between ₹85.42 and ₹86.62, with the highest rate recorded on June 20. A stronger rupee in late June and early July, despite global uncertainties, provided some cushion for importers and may have influenced the CCI’s decision to hike prices.
Key Observations:
The early part of June was dominated by price cuts, reflecting sluggish demand.
Mid to late June saw the start of a reversal, supported by improving fundamentals.
July has been bullish across the board—CCI prices up, Shankar-6 prices surging, and a relatively stable dollar.
Market Outlook:
With the peak monsoon season underway and festive textile demand expected in Q3, market participants remain cautiously optimistic. Analysts suggest that unless global cotton supply eases or the rupee weakens significantly, the upward momentum in domestic prices may continue into August.
read more:- INR Drops 03 Paise, Closes at 85.64 per Dollar
Regards
Team Sis
Any query plz call 9111677775
https://wa.me/919111677775
