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Cotton hits 1-month high; gains tempered by India sale news
* Buying on weather worries sends prices over 88 cents/lb * Next technical resistance seen at 88.52 cents/lb – Knight * Friday’s USDA crop estimates are first of 2013/14 season NEW YORK, May 8
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India starts selling cotton from inventories
* NAFED offering total 340,000 bales * CCI offers 45,000 bales so far in two auctions * Only 3,000 bales sold as prices are high – traders By Meenakshi Sharma MUMBAI, May 8 (Reuters)
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India to sell cotton stocks from state reserves-sources
By Meenakshi Sharma and Mayank Bhardwaj MUMBAI/NEW DELHI, April 23 (Reuters) – India will start releasing cotton stocks to domestic mills from Friday, trade and government sources said, joining China as the two biggest
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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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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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Pakistan: Cotton targets revised upwards for next season
ISLAMABAD: The Ministry of Textile Industry informed a senate committee on Thursday that it has estimated cotton production to clock in at 14.1 million bales for the upcoming season, against the target of 13.3 million
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China plays down impact of cotton reserves, yarn duty talk
* Huge cotton reserves unlikely to put pressure on price * China seen as not increasing yarn import duty * Global price rises more than a fifth this year (Recasts, adds India cabinet to
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India, China sell cotton stocks to soften global prices
* Aim to protect domestic mills from soaring costs * Rise in global prices partly fed by both nations’ hoarding * China seen selling about 1/3 of 10 mln T reserves this yr (Adds
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Pakistan: Ginning factories receive 20.5pc less cotton bales
RAHIMYAR KHAN – According to the fortnight report issued by PCGA, the total domestic arrivals of seed cotton (phutti) up to March 15, 2013 were 12,845,070 bales that are 1,703,775 bales (11.71pc) lesser than
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USDA: Weekly Cotton Market Review: March 15, 2013
Spot cotton quotations averaged 201 points higher than the previous week, according to the USDA, Agricultural Marketing Service’s Cotton Program. Quotations for the base quality of cotton (color 41, leaf 4, staple 34, mike
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China to issue extra cotton import quotas as supplies tighten-trade
* China to issue additional cotton import quotas around April * Beijing stockpiled 93 percent of 2012 domestic cotton harvest * Domestic cotton stockpiling to finish by end-March (adds more details) BEIJING, March 15 (Reuters) - China,
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Cotton hits 11-month high on China demand, automatic buying
* China expected to issue extra import quotas for struggling textile mills * Cotton up more than 20 percent in 2013 * Short-covering seen boosting prices NEW YORK, March 15 (Reuters) – Cotton rallied to fresh
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Pakistan: Cotton prices surge on brisk trade activity
The mills have no option just to keep purchasing, which caused further rise in prices on the cotton market on Friday, dealers said. The official spot rate was higher by Rs 50 to Rs
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China to issue extra cotton import quotas around April -trade
Reuters – China, the world’s top consumer of cotton, will issue extra cotton import quotas to textile mills by around April, trade sources said on Friday. The market expects Beijing to allocate as much
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Cotton soars as textile mills jump in
Cotton fortified its status as the best-performing commodity of 2013, rising to an 11-month high on the back of strong demand. New York futures have gained 20.6 per cent this year, outpacing other rising
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Cotton and Wool Outlook Report: March 12, 2013
U.S. Net Textile and Apparel Imports Decline in 2012 U.S. net textile and apparel fiber imports decreased once again in calendar year 2012 as a result of the continued sluggish U.S. economy. Total fiber
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Pakistan: Textile group implicated in tax fraud
LAHORE: The Intelligence and Investigation of Inland Revenue (I&I IR) of the Federal Board of Revenue (FBR) unearthed a tax fraud by a leading textile group, which was using benami accounts to evade sales
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Textile exports tilted towards few economies
LAHORE: Exports of Pakistani textiles are vulnerable to a few world economies. The country exports 70 percent of its cotton yarn to China and Hong Kong, while United States and European Union account for
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India likely to cancel Pakistani cotton import orders
KARACHI: India is likely to cancel Pakistani cotton import orders after the commodity’s price surged significantly from the rate at which the two countries have agreed upon, a broker said on Wednesday. “India would
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India: Cotton export registrations rise on hopes of Chinese demand
CHENNAI, FEB. 15: Cotton exports are showing signs of recovery with registrations for shipments jumping 20 lakh bales since the beginning of the year. According to sources, registration for cotton exports has increased to
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