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ICE cotton touches 4-month low on technical selling, China data
* Breach of key levels triggers sell stop orders – dealers * China PMI shows factory activity declined in May * Forecasts of Texas rains ease plantings concerns NEW YORK, May 23 (Reuters) – Cotton futures
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India’s Cotton Prices as on May 23, 2013
Arrivals in tonnes;prices in Rs/quintal in domestic market. Arrivals Price Current % Season Modal Prev. Prev.Yr change cumulative Modal %change Cotton Jamnagar(Guj) 137 -22.16 33955 4500 4550 18.02 Bijapur(Kar) 76 -53.37 17472
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Cotton Futures were lower in July
General Comments: Futures were lower in July, but higher in the new crop months. The rally in new crop months came on forecasts for some storms to develop next week in the Delta and
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Pakistan: Cotton spot rate rises to Rs6,400
Karachi The Karachi Cotton Exchange (KCE) increased its cotton spot (average) rate by Rs100 per maund (37.324 kilograms) to Rs6,400 per maund after local markets witnessed revival in the commodity trading during the last
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Cotton market: spot rate raised by Rs 100
Spot rate was raised by Rs 100 by the Karachi Cotton Association (KCA) amid improved business activity on the cotton on Wednesday, dealers said. The official spot rate gained Rs 100 to Rs 6,400
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ICE cotton down for 3rd straight session, under spread pressure
* Dec/July spread widens to most since early May * Supply concerns ease on forecasts of Texas rains * Dealers eye U.S. weekly export data on Thursday NEW YORK, May 22 (Reuters) – Cotton
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Cotton Futures were lower on speculative selling tied to weak chart patterns
General Comments: Futures were lower on speculative selling tied to weak chart patterns and also on good planting conditions here in the US. The weather has improved in all areas with some precipitation in
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India: Cotton sowing to drop 10-15%
Cotton farmers are slowly losing their fancy towards the fibre crop. Lower yield and reduced realisation are likely to see them shift to other crops this kharif season, which starts from next month, leading to
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Tanzania Cotton Output May Drop 30% as Prices Discourage Growers
Cotton output in Tanzania, Africa’s fourth-biggest producer of the fiber, may drop 30 percent this year after lower prices discouraged growers and pesticide distribution was curbed, the Tanzania Cotton Board said. Output may decline from
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Six steps for helping late-planted cotton mature earlier
t looks like there may be some opportunity for one more flurry of cotton planting when we dry from this last bout of rain, after which most folks will probably make the switch to
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Cotton Moving Average Signals Further Slide: Technical Analysis
Cotton futures already headed for their biggest monthly drop since September will fall further to the lowest price since late January, according to technical analysis by Michael T. Sweeney at broker Marex Spectron. After a five-month
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Three year anti-Cotton contamination drive in West Africa completed
African producers lose from 5% to 30% of the value of cotton production each season because of contamination. Cotton provides cash incomes to an estimated 10 million people in western and central Africa and
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India’s Cotton Prices as on May 22, 2013
Arrivals in tonnes;prices in Rs/quintal in domestic market. Arrivals Price Current % Season Modal Prev. Prev.Yr change cumulative Modal %change Cotton Rajkot(Guj) 120 4.35 21456 4675 4625 20.65 Koraput(ph 4)(Ori) 30 -
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Pakistan: Cotton trading picks momentum
Karachi Though not significant, however, the trade turnover of cotton surprisingly surged to 5,900 bales (155 kilograms each) during the last 24 hours as compared to no or little trade in the last 15
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ICE cotton sinks near 3-week low, pressured by grains, dollar
* Pressure from grains, dollar triggers automatic selling * July contract closes below 100-day moving average * Plantings progress eases supply concerns- dealers NEW YORK, May 21 (Reuters) – ICE cotton sank to its lowest
Read More »Pakistan: Cotton markets trade 400 bales
Karachi Cotton markets in Pakistan remained virtually closed as traders exchanged 400 bales (155 kilograms) in the country during the last 24 hours, the Karachi Cotton Exchange (KCE) reported on Monday. “The worsening electricity
Read More »India: Exporters log out of cotton market
RAJKOT, MAY 20: Cotton prices remained unchanged on the back of domestic buying support. According to traders, exporters were out of the market and only south Indian mills were active in the market. Gujarat
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Australia: Cotton harvest wraps up
COTTON pickers are moving through the final fields of a 4.35 million bale cotton crop, wrapping up a harvest that has gone smoothly under blue skies and fine conditions. Throughout the cotton belt, growers
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Cotton climbs on poor planting conditions
General Comments: Futures were higher in range trading. The new crop months were firmer on the informal planted area estimates and forecasts for some rain in production areas this week to keep planting slow. Ideas
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Howell: Cotton rallies, moves sideways after skid on new forecasts
Unable to generate additional downside momentum, cotton futures bounced off nearby support and drifted sideways on light volume last week after falling sharply on mixed readings of updated U.S. and world balance sheets for
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