Cotton prices rise amid hopes for Chinese orders

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Cotton prices edged higher for a fourth day amid talk that the huge order by China of US supplies last week was not a one-off – although caution remained about a sustained recovery. New York cotton for December delivery added 0.3% to 103.80 cents a pound on Thursday, ahead of US weekly export sales data…


Egypt in talks with lender to ease cotton ‘crisis’

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Egypt’s government is locked with bankers over $500m in financing for the country’s cotton growers, and help resolve a "crisis" evident in a 90% collapse in exports, and which is confronting both traders and farmers will losses. Agriculture ministry officials are in talks with the state-owned Principal Bank for Development and Agricultural Credit, Egypt’s main…


Stocks upgrade puts ‘writing on wall’ for cotton

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Cotton prices tumbled back below 100 cents a pound after US officials lifted expectations for the world harvest, in data which may have "put the writing on the wall" for ideas of tight supplies. The US Department of Agriculture raised by 2.9m bales to 54.8m bales its estimate for world cotton stocks at the close…


After a troubled start, rains now hinder paddy, cotton, soyabean, onion and maize harvest

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AHMEDABAD: Even as moderate to incessant rains across India are expected to increase crop acreage, they are also leading to delayed harvesting of standing crops that include paddy, cotton, soyabean,onion and maize. In Punjab’s Ferozepur district, cotton farmers are worried as the crop is in the picking stage. Rains at this stage would impact the…


New Variety of Cotton Tested for Feed Use

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US – Researchers at New Mexico State University are carrying out field and lab trials on a glandless variety of cotton whose seed meal has potential as a feed ingredient because of its low gossypol content. What if cotton production was not all about the lint, the fibre we use so extensively for clothing and…


Cotton prices face ‘significant’ fall, says ICAC

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Cotton experts returned to warning of a "significant" decline in prices of the fibre after hacking their estimate for consumption growth this season, and raising their outlook for the rebuild in inventories. The International Cotton Advisory Committee cut by 300,000 tonnes, to a "slow" 200,000 tonnes, its forecast for growth in world consumption of the…


KBP demands WHT abolition on cotton trade

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Lahaore—The Kisan Board, Pakistan (KBP), welcoming the withdrawal of levy of withholding tax on trade of cotton, has urged the government to abolish it from trade of other agricultural commodities to save the agri sector from destruction. KBP President Zafar Hussein and General Secretary Muhammad Ramazan Rohari in a joint statement issued here on Friday…


Cotton defaults may change pricing, says Glencore

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Soaring levels of default in the cotton market may fuel a shake-up in pricing, Ivan Glasenberg, the Glencore chief executive, said, as the commodities giant revealed it too had fallen foul of farmers reneging on deals. Many other commodities markets had witnessed high levels of default in volatile markets, with buyers and sellers walking away…


Cotton subsidies top $1.3bn – despite record price

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World cotton producers received $1.3bn in subsidies despite market prices doubling to a record high, with farmers in some countries enjoying a rise in state support. Prices of cotton, as measured by the Cotlook A index, averaged 1.64 cents a pound in 2010-11, up from 0.78 cents a pound the season before. With output rising…


Growing Pakistan flood fears revive cotton futures

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Cotton futures rebounded from early lows on fears for a second successive year of crop losses to heavy floods which, reportedly, may have forced more than 1m people from their homes. New York’s best-traded December cotton lot recovered opening losses to hit 107.75 cents a pound at one point, up the daily maximum of 4.0…


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