Escolar Documentos
Profissional Documentos
Cultura Documentos
INR / 20 Kg
54000
335
52000
330
50000
325
48000 320
46000 315
44000 310
42000 305
40000 300
04-02-11 07-02-11 08-02-11 09-02-11 10-02-11
Rajkot Botad Mahuva Ahm edabad Cotton Seed (Saurashtra)
Updates from India: Continuous hike in N Y Cotton Future market and higher demand supported the prices to
break all previous records and knock the level of 60000 INR/Candy. Total cotton arrivals were 116000 bales
which were region wise as follows- North India: 11500 bales, Gujarat: 45000 bales, Maharashtra: 25000 bales,
Madhya Pradesh: 5000 bales, Andhra Pradesh: 20000 bales, Karnataka: 8000 bales and rest of India: 1500
bales. In Mumbai (Maharashtra) market, different staple length’s and diverse micron’s cotton prices were range
bound. Cotton of staple length 23mm and smaller than was suggested in price between 47000 INR/Candy to
49800 INR/Candy, cotton of staple length 24mm to 28mm was offered in price series 52000 INR/Candy to
59000 INR/Candy, even as cotton of staple length 29mm and greater than was recommended in price string
60000 INR/Candy to 87000 INR/Candy.
Updates from Pakistan: Despite of higher prices prevailing in the market buyers continued fresh buying
presuming that prices may go up from this level but will not go down in short term in situation of continuous price
hike in International cotton market and short crop condition. The Karachi Cotton Association (KCA) official cotton
spot rate was sturdy at 11500 PKR/37.324Kg. As per the latest information assembled by fibre2fashion, almost
10000 bales of cotton transacted in price vary 10500 PKR/37.324Kg to 12000 PKR/37.324Kg.
Updates from China: In China National Cotton Exchange's (CNCE’s) e-market, total 16860 tons cotton
transacted which were 1680 tons lesser in quantity compared to the previous day’s dealt cotton. Open interest
was 111100 tons, 4240 tons more in difference to previous day’s open interest.
Updates from U.S.: U.S cotton future market continued to move forward. Both March and May cotton prices
hiked up by same figure 7.00 cents/pound and settled at 187.58 cents/pound and 184.98 cents/pound,
respectively. This higher level closing sets the stage for firm to higher level opening for tomorrow. Stockiests
were signifying the viewpoint of lower prices in short term.
Cotlook Index
U.S. Updates
USDA Cotton
Brazil Updates
Variety Staple
Branch Micro Rate
Grade Length
AKOLA H-4 SUP MOD 28.0 3.3 - 4.3 63400
BHILWARA H-4 SUP MOD 28.0 3.5 - 4.3 63500
SRIGANGANAGAR J-34 SG SUP 25.0 3.8 - 4.8 61400
SRIGANGANAGAR J-34 DR SUP 25.5 3.8 - 4.8 61700
SRIGANGANAGAR J-34 SG SPL 26.5 3.8 - 4.8 61700
NCDEX Prices
Pakistan Updates
China Updates
Top News:
Cotton prices surge 16% in eight days – India Ministry. However, these rising prices have upset
the calculations of these exporters, who had
With each passing day, raw cotton prices in India booked orders in late December or early January at
are creating new milestones and the pace with a time when prices were lower.
which it has increased in the last few days as left - Fibre2fashion News Desk - India
everyone across the cotton textile value chain
breathless, except the farmers who are laughing all
the way to the bank.
The cotton farmers who had been at the receiving The National Cotton Council directors for 2011 were
end all these years due to unremunerative prices, announced at the NCC’s annual meeting held on
are upping the ante, by holding on to their produce, February 4-6.
which in turn is further fuelling a already bullish
market, as buyers who include spinners and Elected to the NCC Board during segment
exporters are becoming more frantic, to corner caucuses were:
stocks, before prices become more dearer.
Producers – Frank B. Rogers, III, Bennettsville,
Experts are attributing the surge in prices to the SC; Laudies D. Brantley, Jr., England, AR; Michael
demand from exporters who are supposed to D. Alexander, Colorado City, TX; James F. Dodson,
physically ship the quota allotted to them by Robstown, TX.; and Donald J. Cameron, Helm, CA.
February 25 as per the directions of the Commerce
Merchants – Richard L. Clark, III, Cordova, TN.; Negotiated were deliveries of Long and Extra Long
Joseph T. Nicosia, Cordova, TN.; T. Jordan Lea, Staple as follows: Israel Acalpi for 4th quarter 2011.
Greenville, SC; Philip R. Bogel, II, Dallas, TX.; and Israel Pima for prompt and 2nd quarter 2011.
Manfred Schiefer, Lubbock, TX. Egyptian Giza 86 und 88 for prompt. US Pima for
2nd quarter 2011 and 1st quarter 2012.
Cottonseed – Brandon Raddatz, Valdosta, GA; J. - Bremen Cotton Exchange
Scott Middleton, Jonestown, MS; Robert L. Lacy,
Lubbock, TX; James C. Massey, Harlingen, TX; and ICAC’s paper describing movements in cotton
Mark E. Howard, Gilbert, AZ. prices at Seminar – USA
Cooperatives – Michael Quinn, Garner, NC; The International Cotton Advisory Committee, in
Sterling P. Jones, Greenwood, MS; Hayne D. cooperation with The World Bank, organized a
Matthews, Oxford, MS; Wallace L. Darneille, seminar on “Cotton Price Volatility: Transparency of
Lubbock, TX; and Jarral Neeper, Bakersfield, CA. Cotton Supply and Use and Trade Policies", on
February 8, 2011 at The World Bank, room MC13-
Manufacturers – Robert H. Chapman III, Inman, 12, 1818 H Street, NW, Washington DC.
SC; W. Malloy Evans, Cheraw, SC; Werner Bieri,
Jefferson, GA; David Hastings, Mauldin, SC; and Fifty-three people representing embassies, U.S.
Owen J. Hodges, III, Columbus, GA. government agencies, the private sector of the
- National Cotton Council of America cotton industry, The World Bank, the European
Union and the FAO participated.
High volatility in cotton market, Bremen CIF –
Germany During our first session of the Seminar, the ICAC
Secretariat presented three papers describing the
After climbing and following sharp decline of the movements in cotton prices this season and the
quotes in New York last week, the quotes reasons for those movements, comparing volatility
recovered with a not common jump up. The Cotlook in cotton prices to volatility in prices of other
A quotes for April to June exceeded the 2 US Dollar commodities, and a paper summarizing the history
limit for a short time. of government efforts to reduce volatility in cotton
and other commodity prices.
The Bremen CIF Index based on quotes for
February to March kept the 2 US Dollar line in the There were also presentations by an economist
reported week. The high volatility within the days from The World Bank and the President of the
and the performance of the quotes at the ICE in American Cotton Shippers Association on
general had confused the market participants and commodity and cotton price movements this season.
hampered the business. Offers from the producing - International Cotton Advisory Committee
countries were continuously limited.
NCC 2011 State Unit Officers named – USA
Prompt deliveries remained interesting to cover
short-term needs. Inquiries of spinning mills were National Cotton Council state unit officers for 2011
most of all concentrated on the coming crops of the were elected at the industry wide organization’s
northern hemisphere and on the search for annual meeting held on February 4-6.
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