| Commodity Market News |
Floods affect 1.4 million acres cotton in Pakistan
07 August 2010
Pakistan’s deadliest floods in over eight decades destroyed 1.4 million acres of land on which cotton was planted in the Punjab province.
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U.S. 2010 cotton sowings at 4-yr high, crop up sharply
03 July 2010
Cotton sowings in the U.S. hit a four-year high in 2010 and the cotton crop of the world's largest fiber exporter should be up sharply in the 2010/11 season.The U.S. Agriculture Department's annual planted acreage report pegged U.S. 2010 cotton sowings at 10.909 million acres, the highest since the country planted 15.274 million acres in 2006.
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Cotton arrivals up 700,000 bales
04 June 2010
Cotton arrivals in the country from October until May 25 stood at 28.5 million bales, 7,00,000 bales higher than last year, according to date from the Cotton Association of India. Higher arrivals indicate the country may be able to meet the crop estimate of 30.4 million bales for 2009-10, an official from the association said. He added exports had been estimated at 8.5 million bales, but would now be lower due to the government suspending export registrations.
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Nafed to sell 38,000 bales of cotton
28 May 2010
Agri-cooperative major Nafed has said that it plans to sell 38,000 bales of cotton in Maharashtra.
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India's ban on cotton exports to hit Bangladesh
28 April 2010
Bangladesh's prime export industry textiles may suffer badly following India's restrictions on cotton exports.Bangladesh buys 30 percent of its cotton needs from India transported by land, but supplies have stopped after the export ban was imposed, as per Abdul Hai Sarker, president of the Bangladesh Textile Mills Association.
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Cotton consumption to increase 4%
27 April 2010
Cotton consumption of India is expected to rise by 4% to 20.1% million bales in 2010-11 owing to strong demand for textiles from domestic and overseas markets.
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India clamps down on cotton exports; to harden prices
22 April 2010
India suspended registration of raw cotton export shipments indefinitely from April 19 to rein in domestic prices, but analysts and industry players said the move could tighten international supply and harden prices. Indian rules require exports of cotton to be registered with the textile ministry and only registred quantities can be exported.
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Deals to buy 1 lakh t Indian cotton
15 April 2010
China, the world’s largest cotton importer, has signed deals to import 100,000 tonnes of cotton as well as cottonseed and cotton yarn from India.
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US, Brazil hit on pragmatic fix to WTO cotton spat
10 April 2010
The United States on Tuesday headed off a move by Brazil to impose penalties on a wide range of U.S. goods by offering concessions on a export loan guarantee program and said it would try to negotiate an end to a long-standing trade spat over cotton. The last-minute proposal came as Brazil was set to impose tariffs and lift protections on $829 million in U.S. goods, which would have been its right after a 2009 World Trade Organization ruling against U.S. cotton subsidies.
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Africa cotton fibre output seen rebounding in 2011
18 March 2010
Cotton fibre output from Africa will rise nearly 18 percent during the 2010-2011 season, thanks in part to increased use of genetically modified seeds, as per the African Cotton Association .Cotton fibre production from the continent's 16 main producers will hit 1.178 million tonnes during the season, up from just over a million tonnes forecast for the current season, according to ACA's forecast.
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