Tuesday, October 7, 2014

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Cotton Glut Eroding Cost for Gap Jeans as China Buys Less

  • Tuesday, October 7, 2014
  • Thùy Miên
  • Cotton Glut Eroding Cost for Gap Jeans as China Buys Less




    Cotton inventories in the U.S., the world’s top exporter, are heading for the biggest increase since 1986 as growers across the South store more crops that, for some, are worth less than they cost to produce.
    Farmers Cooperative Compress, the largest warehouse owner, with capacity for 2.5 m...

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    Record output, acreage pull cotton prices to lowest levels this year

  • Thùy Miên
  • Record output, acreage pull cotton prices to lowest levels this year




    Cotton prices have fallen to the lowest levels in the current cotton year (October 2013-September 2014), at Rs 33,000-34,000 a candy (356 kg). The fall in prices are being attributed to several factors such as zero forwards on exports, record-high acreage as well as cotton production, along with...

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    Cotton price 65 cents: Oct 7

  • Thùy Miên
  • Cotton price 65 cents: Oct 7




    New York – Monday’s end-of-day price on Cotton #2 futures for October contracts was 65 cents. The price on December contracts was 64 cents.
    Today’s Cotlook A Index, a basket of prices from the world’s major cotton-producing regions, is 71 cents.


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    East India Cotton association Prices - Oct 07

  • Thùy Miên
  •  East India Cotton association Prices - Oct 07




    BANGALORE, Oct 07 (Reuters) - The following are the daily Cotton
    prices supplied by Indian based East India Cotton Association.
    The prices are in Indian Rupees per Candy (355.62 Kgs).

    PRODUCTS CURRENT
    RAW COTTON(STAPLE)----------------------
    ICS-101(B22mm) ...

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    Howell: Cotton mixed as premium widens for nearby delivery

  • Thùy Miên
  • Howell: Cotton mixed as premium widens for nearby delivery




    Shorter-term supply issues clashed with longer-range bearish fundamentals as cotton futures consolidated around contract lows and finished mixed last week.
    Most-active December eked out a 45-point gain for the week ended Thursday to close at 61.85 cents. It narrowly posted a new contract low...

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    Saturday, October 4, 2014

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    USDA-Weekly Cotton Market Review: October 3, 2014

  • Saturday, October 4, 2014
  • Thùy Miên
  • USDA-Weekly Cotton Market Review: October 3, 2014




    Spot cotton quotations averaged 35 points lower than the previous week, according to the USDA, Agricultural Marketing Service’s Cotton and Tobacco Program.
    Quotations for the base quality of cotton (color 41, leaf 4, staple 34, mike 35-36 and 43-49, strength 27.0-28.9, uniformity 81.0-81.9) in t...

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    [Plexus Cotton] Cotton market report: October 02nd 2014

  • Thùy Miên
  • [Plexus Cotton] Cotton market report: October 02nd 2014




    New York futures ended the week mixed, with December edging up 45 points to close at 61.85 cents/lb, while March dropped 51 points to close at 60.53 cents/lb.
    While December managed to stand its ground this week, the deferred contracts came under additional pressure as the market continued to...

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    Pakistan: Trading slows on cotton market

  • Thùy Miên
  • Pakistan: Trading slows on cotton market




    KARACHI: Trading was slow on the cotton market on Friday as buyers and sellers took to the sidelines after government decision to procure one million cotton bales to stabilise prices.
    The Economic Coordination Committee’s (ECC) decision to allow state-owned Trading Corporation of Pakistan (TCP) t...

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    Thursday, October 2, 2014

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    Good cotton crop reported, yet farmers sing the blues

  • Thursday, October 2, 2014
  • Thùy Miên
  • Good cotton crop reported, yet farmers sing the blues




    HINDS COUNTY, Miss. —Mississippi has a particularly good cotton crop this year, but cotton farmers are still singing the blues.
    Farmers told 16 WAPT’s Bert Case that too many people planted cotton this year, which is driving prices down. Cotton producers planted an estimated 420,000 acres o...

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    ICE aims to launch global cotton contract early next year

  • Thùy Miên
  • ICE aims to launch global cotton contract early next year




    * New global contract needed to reflect global market
    * ICE seeking amendment of cotton act to list in the U.S.
    * Malaysian agricultural regime overhaul delayed launch (Adds detail, quotes)
    By Maha El Dahan
    DUBAI, Oct 2 (Reuters) – IntercontinentalExchange plans to launch its postponed...

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    Helmand factory to buy 30000 tonnes of cotton

  • Thùy Miên
  • Helmand factory to buy 30000 tonnes of cotton




    LASHKARGAH (Pajhwok): The state-run Bost Enterprise has launched a campaign to collect and buy 3000 tonnes of harvested cotton from growers in southern Helmand province.
    The cotton ginning factory head, Haji Sherin Khan, told Pajhwok Afghan News that farmers possessed 7000 tonnes of cotton for...

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    Karachi Cotton Association prices - Oct 2

  • Thùy Miên
  • Karachi Cotton Association prices - Oct 2




    KARACHI, Oct 2 (Reuters) - The Karachi Cotton Association on Thursday fixed
    the official spot rate
    or base price for Grade 3 cotton at 5,466 rupees per maund (40 kg).
    Grade 3 cotton has a staple length of 1-1/16" (inches) and micronaire value
    between 3.8 to 4.9 NCL (no control limits)...

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    Pakistan: ECC approves support price for cotton seed

  • Thùy Miên
  • Pakistan: ECC approves support price for cotton seed




    The Economic Coordination Committee (ECC) of the Cabinet, which met on Thursday under the chairmanship of Finance Minister Senator Ishaq Dar, approved support price of Rs 3,000 per 40 kg for seed cotton for the benefit of the farming community.
    The meeting dilated at length on the proposal...

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    ICAC cuts cotton price forecast to six-year low

  • Thùy Miên
  • ICAC cuts cotton price forecast to six-year low




    The International Cotton Advisory Committee cut its forecast for cotton prices to a six-year low, despite sticking by a relatively upbeat estimate for Chinese imports, for which many other commentators are cutting expectations after quota curbs.
    The intergovernmental group cut its cotton price...

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    US, Brazil resolve long-running cotton fight

  • Thùy Miên
  • US, Brazil resolve long-running cotton fight




    Washington (AFP) – The United States and Brazil closed a 12-year-old fight over US cotton subsidies Wednesday, with the US paying $300 million to the Brazilian Cotton Institute to settle the trade battle.
     
    US Trade Representative Michael Froman said Brazil had agreed to end its World ...

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