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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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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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China factor fuels debate on cotton price outlook
Cotton futures, upgraded by Macquarie, gained a lukewarm vote of confidence too from Commonwealth Bank of Australia, which turned less downbeat on prices, citing the tightness of US supplies. The 650,000 tonnes (3.0m bales) at
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USDA – Cotton and Wool Outlook Report: May 14, 2013
Global Cotton Production To Decline in 2013/14 but Still Exceed Consumption The first U.S. Department of Agriculture (USDA) cotton forecast for 2013/14 projects that world cotton production will decrease while consumption increases, although consumption
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Pakistan: Textile sector for monitoring of yarn export
KARACHI: The value-added textile sector has drawn Mian Nawaz Sharif’s attention to the export of cotton yarn, the sorely needed raw material of the textile sector, at throwaway prices. In a letter to the
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Cotton futures edge down on producer hedging, weaker commodities
* Pick-up in plantings prompts hedging – merchants * Thomson Reuters-Jefferies CRB down * U.S. weekly export data down from previous weeks – USDA NEW YORK, May 16 (Reuters) – Cotton futures slipped on
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Insignificant activity on cotton market
Due to general elections being held in Pakistan on coming Saturday (11th May 2013) there is scare activity on the cotton market. Most other businesses are also working at low level. Transport to haul
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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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Cotton futures rise for 3rd straight session on weather worries
* Dry conditions in key U.S. growing state prompt buying – dealers * Friday’s USDA monthly crop report eyed * Open interest climbs for 5th straight session – ICE data NEW YORK, May 6
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ICE cotton up on planting delays, U.S. data, post weekly gain
* Fiber up 2.3 pct for week, first weekly gain since March * Some 26,000 bales erroneously listed in certified stocks – ICE * Open interest climbs for 4th straight session NEW YORK, May
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ICE cotton falls most in nearly a year during commodities selloff
* Thomson Reuters-Jefferies CRB settles down 1.7 pct * Weaker-than-expect China data spark concern over commoditiesdemand * Cotton futures correct after 4-session rebound – dealers NEW YORK, May 1 (Reuters) – Cotton futures sank on Wednesday, posting their largest one-day loss
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Pakistan: Early cotton sowing target almost missed
The country had almost missed early cotton sowing target in the current season, which might hamper the commodity production in the upcoming year, informed sources revealed. Sources in the Ministry of Textile Industry toldBusiness
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Pakistan: Trading remains bearish at cotton market
KARACHI: Bearish sentiment dominated the trading session at the cotton market with firm spot rate, traders at the Karachi Cotton Association (KCA) said on Monday. In Punjab and Sindh stations mills purchased lint on
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India: CCI sale of cotton in domestic market begins
The Cotton Corporation of India (CCI) started offloading the cotton stocks with it in the domestic market on Friday. It offered 25,000 bales for sale through e-auction and received bid for 1,000 bales. The
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Cotton futures up on technical support, U.S. weekly export data
* Fiber finds technical support after prices near 82 cents * U.S. weekly export sales up 13 percent from prior week (Reuters) – ICE cotton gained on Thursday after a drop to technical support
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ICE cotton sinks to fresh two-month low on investor liquidation
* Fiber posts biggest one-day loss in seven months * Spot prices down more than 13 percent * Fall past technical support prompts automatic selling – trader NEW YORK, April 24 (Reuters) – ICE
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Pakistan: Trading remains dull at cotton market
KARACHI: Bearish trend prevailed at the cotton market with firm spot rate while fine lint remained in focus, traders at the Karachi Cotton Association (KCA) said on Tuesday. The KCA kept the spot rate
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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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India: Cotton prices, stability comfortable: Sharma
Domestic price and availability of cotton is “comfortable” and the government will intervene in the market if rates fall below the support price, Commerce and Industry Minister Anand Sharma said today. “We are very
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