News Tags

Related Keywords: cotton exporter, Cotton futures, cotton harvest, international cotton prices, raw cotton, yarn makers, yarn mills

Cotton futures on the Intercontinental Exchange (ICE) will have a direct impact on Indian prices. ICE cotton futures traded at 74.13 cents on Wednesday. Any spurt in ICE will make a favourable case for Indian cotton exports. Atul Ganatra, President, Cotton Association of India (CAI), the apex trade body comments, “Uncertainty still looms over the trade truce between the US and China. This is causing a range-bound movement for cotton. Indian cotton prices have now bottomed out as there is no room for further correction.

Related Keywords: Chinese cotton reserves, continuation of Chinese direct subsidy based policy, domestic cotton prices, global cotton stock, impact quantum of imports, India Ratings and Research, international cotton prices, local cotton production, lower demand from spinning mills, next fiscal, rebound in domestic mill consumption, remain under presssure

Domestic cotton prices to remain under pressure in 2016-17, according to India Ratings and Research (Ind-Ra) report, due to continuation of Chinese direct subsidy-based policy and lower demand from spinning mills.

India Ratings and Research Senior Analyst Neermoy Shah said that it maintains a negative outlook on the cotton sector for the next fiscal. Though Bangladesh, Pakistan and Vietnam have replaced China with India as a supplier, volumes are picking up at a slow pace, and are unlikely to match Chinese demand

Related Keywords: changing government policy, core of Egypt economy, Cotton growers, Egyptian cotton, end of subsidy, international cotton prices, shrinking domestic market, white gold, world market

Egyptian cotton, the so-called “white gold” a byword for luxury that is prominent the world over and also the former core of Egypt’s economy and the source of many a trader’s fortune has been declining for years due to changing government policy, a shrinking domestic market and the vagaries of international cotton prices.