News Tags

Related Keywords: China, consumer, cotton, export, futures, production, Textile, trading, Zhengzhou Commodity Exchange

Cotton futures closed lower Thursday on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for January delivery lost 85 yuan (12.02 U.S. dollars) to close at 12,890 yuan per tonne.

On Thursday, the total trading volume for 6 listed cotton futures contracts on the ZCE was 292,860 lots with a turnover of 18.93 billion yuan.

As the world's largest producer, consumer and exporter of textile, China listed cotton futures on ZCE in June 2004, helping cotton-related enterprises hedge the price risk.

Related Keywords: China, cotton, fiber, financial markets, future, liquidation, loss, Mills, Textile, trading

Cotton futures fell on Tuesday, as mills held off buying following a short-lived rally during the previous session and investor liquidation and a stronger U.S. dollar pressured prices.

The most-active December cotton contract on ICE Futures U.S. edged down 0.82 cent, or 1 percent, to settle at 84.72 cents a lb.

A lack of buying from global textile mills and long liquidation from investors pushed cotton prices to the day’s losses, after they climbed 1.8 percent during the previous session as investors renewed investment in riskier assets at the start of the quarter.

Related Keywords: China, Commodity Exchange, cotton, exchange, export, future, import, overseas traders, PTA, statistics, Textile, trading

China's Zhengzhou Commodity Exchange said it will promote the introduction of qualified overseas traders in the trading of cotton futures.

The exchange listed the goal in a recently-issued white paper on cotton futures.

As the world's largest producer, consumer and exporter of textile, China listed cotton futures on the exchange in June 2004 to help cotton-related enterprises hedge the price risk. Since 2004, a daily average of 144,000 lots (5 tonnes per lot) have been traded.

Related Keywords: Combodia, CPP, EBA, Euro, footware, garment, manufacturing, NACC, Textile, trading, workers

Cambodia’s biggest employer is its garment industry. Garment manufacturing has been critical to the country’s economic growth over the past several years, and has helped lift workers out of poverty. But those workers now find themselves caught between their own government and the European Union.

Related Keywords: bad time for BJMC, Bangladesh economy, employment in jute manufacturing, Jute vital sector, lack of proper planning, people depend on jute farming, purchase mechanism, raw jute, trading

Jute has been a vital sector for the country's economy and remains so even today with about 45 million people of the country depend directly or indirectly on jute farming, trading and employment in jute manufacturing. Bad time for the country's jute industry has staged a comeback after some years to haunt the nation said the Chairman of the Bangladesh Jute Mills Corporation (BJMC).

Related Keywords: BJMC, DoJ, dwindling export, Escalaion, Pressure, public and private mill, raw jute price, slow-moving exports, trading, windfall

Escalation in raw jute prices were seen in the last two months in spite of slow-moving exports, supposing that production level would drop much below last year’s level. This has put pressure on public and private mills, already under pressure for dwindling export receipts.

At present, raw jute is trading at Tk 1,600-1,800 a maund (40 kilogram) in producing regions, which is 13 percent higher than last year.

Related Keywords: cotton yarn, Karachi cotton exchange, new crop, Pakistan cotton market, trading, yarn manufacturer

It’s the four consecutive day with no trading happening in Pakistani cotton markets. This is for the first time that traders have recorded no trading deals and are become idle ahead of the arrival of the new crop.

It has made a history with no trading deals taking place in four consecutive days at the cotton markets in Pakistan, a broker at the Karachi Cotton Exchange stated, adding that trader deals remained nil since Friday.

Related Keywords: Cotton market, India, Karachi Cotton Association, New York, trading, world cotton market

Trading activity continued to remain slow on the cotton market on Saturday with both buyers and sellers making every efforts to turn the prices in their favour. Most buying deals offered by spinners were not obliged by ginners who are holding back their stocks in the hope of a price rise.

Brokers said that the rapidly rising prices of phutti (seed cotton) are instrumental in pushing cotton prices higher which forced ginners to ask for higher price for cotton.

Related Keywords: Cotton market, India, Karachi Cotton Association, New York, trading, world cotton market

With buyers and sellers reluctant to agree on a common price, trading activity botched to pick up on the cotton market on Friday.

Floor brokers said that it seemed that buyers and sellers were marking time before drawing future strategy to get maximum benefit out of duty-free market access given by the European Union (EU) to Pakistani products.