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Pakistan Cotton market: spot rate falls amid lean business
In the absence of strong demand by the mills and spinners, prices dropped further on the cotton market on Monday, dealers said. The official spot rate was down by Rs 50 to Rs 6,600,
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NY cotton ekes out gains as traders cover shorts
* Prices languish close to six-week low * Fiber outperformed broader commodities market * Specs cut net long position – CFTC NEW YORK, April 22 (Reuters) – ICE cotton futures eked out gains on
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India: Cotton wilts on weak export, mills’ demand
RAJKOT, APRIL 22: Cotton prices traded lower on the back of weak export and domestic demand. According to traders, the tend in the market is lukewarm as there is no big buying. Gujarat Sankar-6
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Cotton prices to be stable in the coming year
A surplus situation for the third consecutive year in a row has led cotton markets across the globe to remain under pressure over the past oneand-a-half years. However, despite sufficient availability, prices have shown signs of
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Egypt Cotton Exports Reach 315 Tons in Week Ending April 18
Egypt agreed to export 315 metric tons of cotton in the week ended April 18, according to the Alexandria Cotton Exporters Association. The country has shipped 63,543 tons of the fiber, valued at $189.3 million,
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Cotton market declines in face of healthy sales, shipments
Long liquidation and changes in state reserve auction procedures in China contributed to pressure on cotton futures last week. Most-active July shed 126 points for the week ended Thursday to close at 85.48 cents,
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Cotton futures drop in light volume, supply concerns
* Potential for increased cotton supply weighs on market sentiment * Corn plantings delayed by rain may mean increased cotton acres * Open interest continues decline to mid-Jan lows NEW YORK, April 19 (Reuters)
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Cotton prices fall in lacklustre trade
Cotton prices fell by about Rs 150 per maund (37.32 Kgs) this week in a dull and subdued market. Both the New York cotton futures and sundry commodities prices lost notable ground which later
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Pakistan: Cotton trading gears up
KARACHI: Trade turnover of cotton and its prices surprising improved in Pakistan after a couple of leading spinning groups made fresh buying, a dealer said on Friday. “A couple of leading spinning mills made
Read More »Cotton falls as China reserve sale offsets robust export sales
* China starting latest reserve sale on Friday * U.S. export sales hit three-month high * Open interest falls to mid-Jan low as longs exit NEW YORK, April 18 (Reuters) – ICE cotton fell over 1
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Cotton Futures were higher in recovery trading
General Comments: Futures were higher in recovery trading. Rains are moving through the Delta and Southeast today and tomorrow to slow planting progress. Some traders think that US planted area will increase from the estimates
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Pakistan: Cotton market prices stabilise on slow trade
Prices were firm on the cotton market on Wednesday as mills lifted fine quality lots to cover their immediate needs, dealers said. The official spot rate was inert at Rs 6,700, they said. Rates
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Cotton body raises output estimate to 340 lakh bales
MUMBAI, APRIL 17: The Cotton Advisory Board (CAB) meeting held on Wednesday increased the cotton production outlook to 340 lakh bales (lb) for this cotton year (October to September) against 330 lb estimated at
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Cotton rebounds from 1-1/2 month low as day’s dips prompt buying
* Fiber posts largest daily gain in 2 weeks * Open interest seen declining (Reuters) – ICE cotton recovered from a 1-1/2 month low to post its largest one-day gain in two weeks on
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USDA announces 2013 cotton loan rate differentials
The USDA’s Farm Service Agency (FSA) has announced the 2013 crop loan rate differentials for upland and extra long staple (ELS) cotton. The tables of these loan rate differentials are available on the FSA
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Cotton Futures were lower in response to disappointing economic data from China
General Comments: Futures were lower in response to disappointing economic data from China. Most commodities markets moved lower to sharply lower, and precious metals and the petroleum complex led the way down. USDA showed
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World cotton stocks expected to reach record levels in 2012/13
The latest U.S. Department of Agriculture (USDA) cotton projections for 2012/13 indicate that world ending stocks are expected to reach a record 82.5 million bales, 18 percent (12.3 million bales) above the previous season.
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Pakistan: Cotton spot rate declines to Rs6,700
KARACHI: The Karachi Cotton Exchange (KCE) reduced its cotton spot (average) rate by Rs100 per maund (37.324 kilograms) to Rs6,700 per maund on Tuesday after the commodity price continued to fall at the local
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Cotton falls for 2nd day as investors sell, mills hold off buying
* Open interest down 9 pct since start of April * Spot prices down 11 pct from 1-year high last month * Certified stocks at near 3-year high NEW YORK, April 16 (Reuters) – ICE cotton
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India: MCX Cotton negative; support 17400
“The commodity has support at 17400 while 18350 is the resistance. Traders are advised to sell around 18100 with the stop loss of 18350 for targets 17600 and 17400,” said Milan Shah, Research Analyst
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