Cotton futures on the ICE fell for the fifth straight session in the week of 22 May, ending their worst week in more than six months as stronger US$ continued to prompt speculator liquidation, though traders noted prices remained locked in a tight trading range. July contract settled down US cents 3.54 or 5.3 per cent n the week to US cents 63.30 per pound.
Shifting cotton market in China offers huge opportunity says CottonConnect
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Cotton Connect in its new report ‘China’s Cotton: A Growing Market Opportunity’ outlined the urgency of taking action at both - strategic and farm levels. It says that by leveraging technical, financial and political support for the industry – as well as providing urgent support at the farm level, brands and retailers have a chance to show leadership in building sustainable cotton interventions to help build a successful supply chain in China.
China’s textile industry looking for greener pastures in Africa
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Rising labour costs, raw materials and slowdown has been staring at textile industry in China for quite some time now. And a move to expand outside China is also discernible to wade of from high cost of production. The most chased location to relocate is Africa attractive for companies in terms of costs and market access.
Cotton yarn spinning has become more profitable now, but for how long?
Related Keywords: cotton price in china, cotton price in india, cotton price in Pakistan, cotton yarn, cotton yarn price in china, cotton yarn price in India, Cotton yarn price in Pakistan, price spread
Cotton yarn making has become more profitable now than considered, three months ago. And this has been facilitated by the rapid fall in cotton fibre prices over the same period. The margins have improved in all the three major cotton yarn producing economies of China, India and Pakistan. On an average, cotton prices have declined by between 15-25 per cent between June and end-September while cotton yarn prices have bucked 5-9 per cent in the comparable period.
Policy change China to cut sale price for cotton from its strategic reserve
Related Keywords: China Cotton Association, Cotton policy in China, cotton price in china, May cotton contract, New York cotton futures, reserve building policy
From 1 April, the Chinese government will accept bids as low as 17,250 Yuan a ton for standard-quality cotton in its daily auction. This will be 4.2 percent below the current floor price of 18,000 Yuan, stated China Cotton Association on 24 March. The move will bring the prices closer to world market and make import of fibre less appealing to its domestic mills. It will also release some of the stockpile on the global market.
