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Posts tagged cotton
US cotton hits five-week low, mills are tentative buyers
Sep 29th
NEW YORK – U.S. cotton fell for a third straight session on Monday hitting five-week lows as investors continued to sell after the market’s recent brush above 77 cents. New York-traded cotton for December delivery settled down 0.75 cent, or 1.02 percent, at 72.5 cents per lb on ICE Futures More >
NY cotton up on encouraging US data
Sep 5th
Cotton futures in New York rose for a second straight day on Thursday, bucking the weak trend in other major commodities, after strong U.S. consumer spending data in July indicated more demand ahead for the industrial commodity. Photo: Corbis
Short-covering prior to the longer weekend, extended by Monday’s Labor Day holiday, More >
Australia approves China cotton farm purchase, sparks investment concern
Sep 4th
Australian on Friday approved a Chinese company’s bid for giant cotton farm, igniting new concerns about foreign investment in agriculture where resource-hungry China is showing growing interest. Photo: Corbis
Treasurer Wayne Swan approved Chinese textile group Shandong Ruyi’s purchase of Cubbie Station, which covers almost 1,000 sq km (390 sq miles) More >
NY cotton ends down on profit-taking; on Hurricane Isaac watch
Sep 1st
U.S. cotton prices fell on Tuesday after players took profit on the market’s run-up the previous day on fears of storm damage to crops. The benchmark December cotton contract on ICE Futures U.S. slid 0.52 cents, or 0.7 percent, to settle at 75.62 cents per lb. Photo: Corbis
The contract jumped More >
Celebrity Street Style of the Week: Emma Roberts, Fearne Cotton, & Stephanie Pratt
Dec 18th
Written by Demi – University of Maryland
Every week, I scour the web to find inspiring outfits on your favorite celebs and help you recreate their looks! This week, I was inspired by Emma Roberts, Fearne Cotton, and Stephanie Pratt, who all opted for looks revolving around dark skinny jeans. Read More >
Tanzania Tanzanian govt urged to introduce cotton policy
Nov 27th
The Government of Tanzania has been advised to introduce a cotton policy to enable the local industry to compete with Chinese imports.
Prof. Andrew Mbwambo, Dean of Business School in Mzumbe University, Dar es Salaam, said the Government needs to have a policy aimed at protecting local cotton industries.
Speaking at More >
India Silk & cotton items on display at Sikkim Handloom Expo
Nov 27th
A handloom and handicrafts expo showcasing exquisite silk and cotton handloom items manually prepared by artisans of various States is going on in Gangtok, the capital of Indian State of Sikkim.
The Special Handloom Expo 2011, organized by Sikkim Handloom and Handicrafts Corporation Ltd., under the aegis of Development Commissioner More >
Pakistan Pakistan Cotton Ginners Association recommends National Cotton Policy to help growers
Nov 24th
The Pakistan Cotton Ginners Association (PCGA) has sought announcement of a National Cotton Policy after taking opinion of all the stakeholders and announcement of the support price of cotton so as to help the troubled cotton producers in the country.
The demand was put forward by PCGA Chairman Ammanullah Qureshi, More >
USA National Cotton Council says Cotton Research & Promotion Program benefits everyone
Nov 19th
In response to a proposed amendment to legislation under Senate consideration to terminate all commodity check-off programs, the National Cotton Council said the highly successful Cotton Research & Promotion Program (CR&P) should be continued.
“Self-help programs such as the CR&P are more important than ever given the global market environment More >
India Haryana cuts market fee on cotton market fee has already been reduced by 60 percent
Nov 19th
With an aim to help cotton growers in the State to make more money and to end diversion of crop to other bordering States, the Haryana government has reduced the rural development fund and market fee on cotton.
While the market fee has already been reduced by 60 percent from More >
Brazilian cotton Low supply of high-quality cotton increases prices supply of high-quality cotton, however, is limited in the market.
Nov 19th
Brazilian cotton prices have been moving up over the last days. At the beginning of the last week, purchasers were refrained. The supply of high-quality cotton, however, is limited in the market. So, purchasers in need of the high-quality product have to pay higher prices.
Sellers keep firm in their More >
India:India’s cotton exports to increase on new arrivals
Nov 19th
The export of cotton from India is likely to increase with the arrival of new crop in the market. Delayed crop and delay in arrival because of rains in the north has led to slower arrivals this year.
“As of now, around 2.2 million bales (1bale = 170 kg) of More >
USA Positive returns from independent economic effectiveness study of the Cotton Research and Promotion Program
Nov 19th
An in-depth, independent economic effectiveness study of the Cotton Research and Promotion Program (the Program) concluded that the Program generates a positive return for U.S. cotton producers and importers of cotton products. The study also concluded that the Program generates benefits for U.S. taxpayers as well.
According to the peer-reviewed More >
USA Plexus Cotton Limited reports that NY futures ended the week mixed, as
Nov 19th
Plexus Cotton Limited reports that NY futures ended the week mixed, as December managed to close unchanged at 99.50 cents, while March dropped 240 points to close at 96.48 cents.
For most of the week the market tried to work its way higher in the wake of continued strong buying More >
India’s cotton exports are expected to rise this year (October 2011 – September 2012)
Nov 17th
India’s cotton exports are expected to rise this year (October 2011 – September 2012) to eight million bales of 170 kg each, compared to last season’s export of seven billion bales, the Cotton Advisory Board (CAB) has said.
There are two major reasons for the likely rise in exports – More >
India Fifth World Cotton Conference completed last Friday in India, (WCRC-5)
Nov 17th
The Fifth World Cotton Research Conference (WCRC-5) was completed last Friday in India, after five days of paper presentations from November 7-11, 2011 in Mumbai followed by two days of technical tour to cotton areas near Nagpur. The WCRC-5 included 654 researchers associated with all facets of cotton technology, from More >
India NAFED may intervene if cotton prices slip below MSP India is expecting a bumper cotton crop in the new season
Nov 11th
India is expecting a bumper cotton crop in the new season which has recently begun. In order that domestic prices do not slip below the minimum support price (MSP) mandated by the Indian government, National Agricultural Cooperative Marketing Federation of India (NAFED) is mulling to take up a market intervention More >
India Indian Cotton Federation to devise a standard contract
Nov 6th
Indian Cotton Federation (ICF), earlier called the South Indian Cotton Association (SICA), is now devising a standard contract for cotton as majority of the issues related with cotton trade are common.
The newly appointed President of the Association J Thulasidharan and Vice President KN Vishwanathan informed that the contract, which More >
Pakistan Pakistan Cotton Ginners Association PCGA disagrees with Cotton Crop Assessment Committee cotton production estimates
Nov 3rd
Pakistan Cotton Ginners Association (PCGA) has voiced disagreement with the downwardly revision of cotton production estimates to 12.22 million bales by the Cotton Crop Assessment Committee (CCAC).
PCGA Chairman Amanullah Qureshi said cotton production for the current year would not be less than the earlier projection of 15 million bales. More >
Pakistan has downwardly revised its cotton production estimates this season to 12.22 million bales
Nov 2nd
Pakistan has downwardly revised its cotton production estimates this season to 12.22 million bales from the earlier projected 15 million bales.
At a meeting of the Cotton Crop Assessment Committee (CCAC) chaired by Shahid Rashid, Secretary Ministry of Textile Industry, it was assessed that 9.75 million bales of cotton would More >
Syria Syrian government has underlined and stressed upon the strategic importance of the cotton crop in the country
Oct 31st
The Syrian government has underlined and stressed upon the strategic importance of the cotton crop in the country.
While speaking at the annual cotton festival, the Minister of Agriculture said the government gave great importance to development of cotton farming in the country.
He said that the government would continue More >
Australia momentum driving cotton research will not be lost as the cotton industry joins forces Cotton Australia
Oct 31st
The momentum driving cotton research will not be lost as the cotton industry joins forces to plan a seamless transition following the closure of the Cotton Catchment Communities Co-operative Research Centre (Cotton CRC) next year.
A taskforce has been established bringing together Cotton Australia, The Cotton Research & Development Corporation More >
India Ginners in the western State of Gujarat are upbeat over cotton production this season
Oct 31st
Ginners in the western State of Gujarat are upbeat over cotton production this season due to increase in sowing of the crop and good rains in the State.
Area under cotton has increased to 2.96 million hectares in Gujarat this season, compared to 2.63 million hectares last season, according to More >
Germany C&A, one of Europe’s leading fashion groups, joins the Cotton made in Africa initiative’s Demand Alliance
Oct 27th
C&A, one of Europe’s leading fashion groups, joins the Cotton made in Africa initiative’s Demand Alliance. In 2012 the company plans to take up 1,000 tonnes of sustainably produced African cotton for its textile products. This additional demand supports the initiative in improving the living conditions of some 240,000 smallholder More >
USA NY cotton market drops
Oct 24th
NY futures came under pressure this week, with December dropping 470 points to close at 96.86 cents.
After the market had closed in a narrow band of just 413 points for 21 straight sessions – between 99.21 and 103.34 cents – it finally made its move today and broke out More >
India Indian Cotton Federation to devise a standard contract
Oct 21st
Indian Cotton Federation (ICF), earlier called the South Indian Cotton Association (SICA), is now devising a standard contract for cotton as majority of the issues related with cotton trade are common.
The newly appointed President of the Association J Thulasidharan and Vice President KN Vishwanathan informed that the contract, which More >
India Cotton bodies say ‘NO’ to cotton future trading
Oct 19th
Stakeholders from all India cotton ginning sector converged together and concluded to refrain from futures trading in cotton henceforth.
Last Saturday, a meeting was held by All India Cotton Ginners’ Association (AICGA). Representatives of various cotton bodies namely, Mr. Dhiren Sheth (President – CAI, Mumbai), Mr. Dilip Patel (President -AGCGA), More >
USA US cotton crop slightly higher in October
Oct 19th
According to USDA’s October Crop Production report, the 2011 U.S. cotton crop is estimated at 16.6 million bales, up marginally from last month’s forecast but 1.5 million (8 percent) below the 2010 production. With harvested area unchanged this month and the national average yield slightly higher, the U.S. cotton crop More >
USA NY cotton futures remain in a sideways trend
Oct 19th
NY futures remained in a sideways trend, with December closing 117 points lower at 101.56 cents.
Although the December contract managed to expand its short-term trading range slightly to the upside this week, trading as high as 104.00 cents on Tuesday, a bearish USDA supply/demand report on Wednesday quelled any More >
Global Foreign cotton consumption/production gap reduced
Oct 19th
The latest U.S. Department of Agriculture (USDA) cotton projections for 2011/12 indicate that the gap between foreign consumption and production is projected to decrease significantly this season and fall below 5 million bales for the first time since 2004/05 (fig. 1).
With limited growth predicted for the global economy, foreign More >
India AP cotton ginning units in need of modernization
Oct 19th
Cotton ginning units in the southern Indian State of Andhra Pradesh are in need of modernization in order to improve the quality of cotton in the State as well as to increase production.
Andhra Pradesh is the third largest cotton producer in India with around 800 ginning units, but only More >
Pakistan, Brazil to join hands for cotton research & development
Oct 19th
The government of Pakistan’s Punjab province has urged the Brazilian Government to help it in cotton research and development by providing it with cotton germplasm to test it against Cotton Leaf Curl Virus (CLCV), cotton-picking machine and Bt varieties.
Dr. Noor-ul-Islam, Director General of Ayub Agriculture Research Institute, Faisalabad made More >
Brazil Index for cotton plunges 4.5% in first half of October
Oct 19th
Index for cotton plunges 4.5% in first half of OctoberCotton prices in the Brazilian market have been decreasing since early October. Center for Advanced Studies on Applied Economics (CEPEA)/ESALQ Index for cotton type 41-4 (delivered in São Paulo city, payment in 8 days) dropped 4.54% in the partial of October More >
Global Global 2011/12 cotton consumption forecast flat
Oct 19th
Global 2011/12 production is forecast at a record 124.2 million bales, an 8-percent increase from the preceding year, as major Southern Hemisphere producers push for bigger crops. Brazil, the largest grower in the Southern Hemisphere, is expected to produce 9.0 million bales in 2011/12, unchanged from the previous year’s record, More >
Australia No job cuts at Namoi Cotton, despite loss
Oct 14th
Namoi Cotton, Australia’s leading cotton ginning and marketing organization, has announced that there will be no job losses and it will be “business as usual” at the company. The announcement came after apprehensions of job losses were raised due to the company registering a loss of AUD 50-55 million in More >
