Cotton Insights - The cotton futures contract closed at 15,380 CNY/ton, an increase of 95 CNY/ton or 0.62% from the previous day [2][12] - The USDA report indicates that for the 2026/27 season, global cotton production is projected at 25.26 million tons, a decrease of 3.2% year-on-year, while global consumption is expected to rise by 1.2% to 26.15 million tons [13] - The domestic textile market is expected to gradually recover as operations resume, with a balanced supply-demand outlook due to low carryover stocks [13] Sugar Insights - The white sugar futures contract closed at 5,248 CNY/ton, up 19 CNY/ton or 0.36% from the previous day [15] - The Indian Sugar Mills Association is urging the government to increase the ethanol quota from B heavy molasses by 600 million liters to alleviate operational difficulties faced by sugar producers [4][15] - The domestic sugar production is expected to increase, but the sales data is significantly lower year-on-year, indicating potential pressure on the market [16] Pulp Insights - The pulp futures contract closed at 5,348 CNY/ton, an increase of 8 CNY/ton or 0.15% from the previous day [17] - The market for imported wood pulp remains strong, but actual transactions are sparse, with prices for certain grades increasing by 20-70 CNY/ton [17][19] - The global wood pulp supply pressure is expected to ease in 2026 due to reduced new capacity and production cuts from major suppliers [19]