Showing posts with label Cotton Tips. Show all posts
Showing posts with label Cotton Tips. Show all posts

Thursday, 7 December 2017

ICE cotton rises on Indian crop concerns

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ICE cotton futures edged up on Wednesday, hovering near more than two-month highs hit last week on concerns over crop damage in top producer India.
Cotton contracts for March settled up 0.21 cent, or 0.29 percent, at 72.72 cents per lb., and traded in a range of 72.44 and 73.27 cents a lb.
"The bollworm problem in India is making the market bid today," a New York-based trader said.
India is likely to export nearly one-fifth less cotton than previously estimated as pink bollworms are set to eat into the south Asian country's output which was expected to hit a record, industry officials told Reuters in late November.
"Cotton has a pretty substantial long position already ... there really are some fundamentals behind the market that continue to keep cotton with a bid," the trader noted.
Meanwhile, the market awaited export sales data from the U.S. Department of Agriculture due on Thursday.
Total futures market volume fell by 9,389 to 18,496 lots. Total open interest gained 473 to 249,201 contracts in the previous session, data showed.
Certificated cotton stocks deliverable as of Dec. 5 totalled 47,628 480-lb bales, unchanged from the previous session.
The dollar index  was up 0.23 percent. The Thomson Reuters CoreCommodity CRB Index, which tracks 19 commodities, was down 1.46 percent.

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Saturday, 20 August 2016

कॉटन फसल ने बढ़ाई चिंता, पंजाब के बाद गुजरात में भी पेस्‍ट अटैक

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इस साल शुरूआत से ही कॉटन की फसल ने किसानों और मिलर्स की चिंताएं बढ़ा दी हैं। पिछले साल बीमारी की चपेट में आई कॉटन की फसल पर इस बारभी बीमारी का खतरा बना हुआ है। पंजाब के बाद अब गुजरात में भी करीब 10 फीसदी फसल पर कीट लग गया है। ऐसे में प्रमुख एजेंसियों और सरकार ने कॉटन के उत्‍पादन का अनुमान रिवाइज कर घटा दिया है।... 

गुजरात में लगा गुलाबी कीट 

पंजाब में पिछले साल करीब 40 फीसदी कॉटन की फसल सफेद मक्‍खी के कारण बर्बाद हो गई थी। इससे वहां 50 फीसदी से अधिक उत्‍पादन घट गया था। इसके बाद इस साल पंजाब के किसानों ने कॉटन की फसल से दूरी बनाए रखी और बुआई में लगभग 40 फीसदी कमी कर डाली। लेकिन, इस बार भी शुरूआत से ही सफेद मक्‍खी ने कॉटन पर सफेद मक्खियों का हमला शुरू हो गया।इसी तरह दूसरे सबसे बड़े कॉटन उत्‍पादक गुजरात में भी तकरीबन 1 लाख हेक्‍टेयर पर गुलाबी कीट का प्रभाव शुरू हो गया है।.गुजरात में इस साल करीब 23 लाख हेक्‍टेयर पर कॉटन फसल बोई गई है। कृषि विभाग के आंकड़ों के फसल को बीमारी लगने का क्षेत्रफल बड़ा भी हो सकता है।... 

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Wednesday, 20 April 2016

Cotton prices in India faces the risk of unsold stocks, unstable demand

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Cotton prices in India may remain on the downside this year on account of unsold stocks amid unstable demand, according to industry sources. The industry does not expect any significant turnaround on the At present, cotton price is ruling at Rs 34,200-34,500 per candy of 355 kg and is likely to decline to Rs 33,000 in next month or two. Traders estimate total supply for the year to be 42.50 million bales considering carry forward from previous year, import this year's cotton output.

A recent estimate by the Cotton Association of India(CAI) pegs Indian cotton output for 2015-16 season at 34.1 million bales. The trade body also found that the supplies declined 12 per cent from a year ago to 28 million bales between October and March on unfavourable weather that dragged the production down.demand side and if demand rises the unsold stocks are enough to meet it.


Wednesday, 4 March 2015


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MCX Cotton Prices have started rising in the last couple of months, helped by Cotton Corporation of India (CCI)'s procurement of a fifth of the total crop and lower yield estimates.
Prices have increased 8% in India. On MCX, cotton was trading at Rs 15,020 per bale (of 170 kg) compared to Rs 13,990 on 23 January, 2015. On the US exchanges too, cotton prices have gone up by 9.4% to 63.67 cents per pound in the same period.

MCX March cotton future traded on negative note following cues from spot market and settled at Rs.14980/bale, down by 086% against the last day. Volume increased by 859 lots due to selling at higher level where as open interest decreased by 354 lots on yesterday .
CCI has so far procured more than 8 million bales, which is 20% of the total crop expected for the cotton year (October-September) 2014-15.
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