Home / Knowledge / News / Textiles / ICE cotton futures close at three digit gains last week
ICE cotton futures close at three digit gains last week
30
Dec '13
It was a shortened trading week due to the Christmas holiday, and ICE cotton futures started the week non eventful, but finished it with three digit gains. The H4 contract topped over 85 cents and reached a two and a half month high during the morning trading hours.

Physical activities were decent for the week ending December 19th which supported market rally, but news out of China suggests that the country plans to end its current stockpiling program and replace it with direct subsidies to the farmers, which should negatively impact the global cotton prices.

2013 is coming to a close and the big story has to be U.S. equity markets which made their first significant rally since the credit bubble popped in 2008.

This created some shifting of investments to take place, moving funds away from safer less volatile sectors such as treasuries and commodities. There is also a global shift of foreign currencies heading south which should push the unappreciated USD higher as we go forward. That will continue to weigh on commodities long term.

Some commodities are more inflated than others but cotton for the most part has limited down side since cost of production has risen significantly in the last 5 years. The upside is also limited based on China's large reserve stocks. So based on the current situation, don't expect any big changes for cotton in 2014.

Ecom USA


Must ReadView All

Textiles | On 20th Jul 2017

Provide safety net for cotton growers: Congress to Trump

A bipartisan Congressional coalition has called attention of...

Courtesy: ITMF

Textiles | On 20th Jul 2017

ITMF'17 themed on tech, trade, climate in disruptive times

The International Textile Manufacturers Federation (ITMF), an...

Textiles | On 20th Jul 2017

RIL’s Q1 FY18 petrochemicals revenue up 22.9% y-o-y

Reliance Industries Limited (RIL) has reported its financial...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X