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Indian cotton exporters fulfilled forward contracts order with Chinese buyers at a loss

Related Keywords: cotton industry, cotton price, Indian cotton exporter

Indian Cotton exporters who had entered into forward supply contracts with buyers mainly from China for December and January in the range of Rs 38,500-41,000 per candy had to settling them at a loss as when they actually entered market to procure cotton to fulfill that orders. As cotton price has gone up nearly by 10% in last one and half month to Rs 43,000 per candy.

The cotton price had increased to over Rs 43,000 per candy in major markets like Gujarat and at this price level export was not viable as global cotton price was down.

Cotton price remained high due to lower availability

Related Keywords: cotton price, Karachi cotton industry

Cotton price remained on the higher side in Pakistan due to lower availability of high quality cotton, while arrival of cotton to the local markets slowed down.

Cotton price increased to Rs7,350 per maund, while trade activities remained slightly down in wait for a likely decline in the commodity prices, a dealer said on Monday.

Traders are expecting higher arrivals of cotton than 12.88 million bales reported in the ongoing fiscal year till January 15. This was; however, 7.15 percent higher than 12.02 million bales arrived in the same period last fiscal year.

Cotton prices reached seasonal high mark

Related Keywords: cotton price, Pakistan cotton industry

Cotton driven by strong buying interest from spinners mainly because of lower-than-expected cotton crop size, cotton prices gained to mark a seasonal high record on Monday

On the trading side as many ginners were still reluctant to clear their stocks even at rising cotton prices, the trading activity was slow.
Floor brokers said that with very little cotton in the fields, only stocks held by growers are finding their way into ginneries.

Besides, unsold cotton stocks held by ginners were also being offered for sale to spinners, they added.

Viscose fibre prices up for second consecutive week,

Related Keywords: cotton price, viscose price in china, viscose price in india, viscose price in Pakistan, Viscose prices, Viscose staple fibre

Asian viscose staple fibre markets in Asia although described as quiet in the week ended 17 January 2014, prices continued to move up. However, as downstream mills in China were in the process of idling for Lunar New Year holiday, they were largely unreceptive to new prices and were not interested in building stock before the holidays. This implies that they expect prices to soften post holidays. Prices in India and Pakistan generally rolled over in an inactive week.

Cotton prices continued to remain steady

Related Keywords: cotton price, cotton sector, Pakistan cotton market

Cotton prices remained steady on Friday in consideration with global trend where Indian and New York cotton markets moved higher amid strong demand and tight supply position.

There were rumors in the market that phutti (seed cotton) arrival figures due today (Saturday) are expected to show tight supply situation which may further push cotton prices higher.

Floor brokers said that only phutti stocks lying with growers are finding their way to ginners.

The Karachi Cotton Association (KCA) spot rates were steady at overnight level and trading on ready counter was moderate to active.

Egypt's cotton exports affected by rise in its local price

Related Keywords: cotton industry, cotton price, Egypt cotton export

Egyptian rising cotton prices at the local market this year, ensuing a decline in local production brought about by reduced acreage and the lifting of an import ban have hit the Egypt’s cotton exports due to which foreign importers have resorted for a 'hand-to-mouth' buying pattern.

Exports diminished to 17,028 tonnes since the beginning of the marketing season of the cash crop in September 2013, a drop of 45.3 percent compared with the 31,137 tonnes exported in the same period of the previous season.

Chinese yarn makers shifting overseas unhappy by local cotton prices

Related Keywords: Chinese yarn makers, cotton price, Textile Industry

Chinese yarn makers have started shifting production overseas to secure cheaper raw materials, even going as far afield as the United States. The world's largest, firms such as Hong Kong-listed Texhong Textile Group and Shanghai-listed Bros Eastern Co are also leading the charge abroad, crippled by artificially high prices for cotton at home

Cotton moving up and may continue on strong mills’ demand with flow of export inquiries

Related Keywords: cotton price, raw cotton tags

Cotton prices gaining backed by short supply and strong demand from spinning mills. In addition to this, the flow of export enquiries has also supported the market. According to traders, domestic mills are buying on a large scale and export demand was also prominent.

A Rajkot-based cotton broker said that due to Makar Sankranti in Gujarat and Pongal in South India, arrivals have decreased in the last few days.

Cotton arrival in Pak local markets recorded 9.36pc increase

Related Keywords: cotton bales, cotton price, local market

Cotton arrival in the Pakistan local markets recorded an increased by 9.36 per cent as compared to the same period of last year. About 12.67 million cotton bales arrived in local market.

Cotton price expected to remain firm with good export demand

Related Keywords: cotton, Cotton Association of India, cotton price, export demand, NCDEX

Cotton prices are expected to remain moderately firm in the near term. However, profit booking at higher levels is likely to keep prices under check. However, if the US dollar gets stronger against the rupee, there could be good export demand for cotton. This can also firm up domestic price, according to Mullick, assistant vice-president for retail research at Religare Commodities.

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