Home / Knowledge / News / Textiles / Daily worldwide cotton market report
Daily worldwide cotton market report
01
Apr '09
Last night in New York futures market, May 2009 closed at 46.40 with a gain of 208 points, the July 09 closed at 47.20 with a gain of 191 points, while the October closed at 49.89 with a gain of 178 points. The A index declared settled at 53.05 with a gain of 120 points.

The spot rate of KCA declared settled at Rs. 3300/= as it was the other day with no changes today. In the domestic market today 2000 bales of Ghotki sold at Rs. 3400/=, 400 bales of Matli sold at Rs. 3300/=, 200 bales of Rasoolabad sold at
Rs. 3300/=, 400 bales of Sanghar sold at Rs. 3300/=, 400 bales of Shahdadpur changed hands at Rs. 3300/= and 1000 bales changed hands in Karachi at Rs.3300/=.

The March USDA planted acreage for cotton was slightly higher than anticipated, but still supportive at 8.811 million acres. Upland acreage was estimated at 8,668,000 acres verse 9.296 million acres last season. Pima acreage was 143.5 thousand acres verse 174.0 thousand acres last year.

ARK posted the largest decline vs. last season with a 37% reduction with Louisiana and Mississippi coming in record with a 20% to 22% decline respectively. The NCC estimated US plantings at 8.1 million acres in February.

The recovery in US equity markets today coupled with the sharp rally in the CNCE today more than offset the higher than expected US planting estimate. Futures posted a new 4 week high today reinforcing a higher near term price outlook. ICE futures should gain support from a bullish soybean planting estimate as well.

A bullish signal was given with an upside crossover of the daily Stock statistics. Studies are showing positive momentum but are now in overbought territory, so some caution is warranted. The market's close above the 9-day moving average suggests the short-term trend remains positive.

The outside day up and close above the previous day's high is a positive signal. With the close over the 1st swing resistance number, the market is in a moderately positive position.



Ghulam Rabbani & Co


Must ReadView All

Indian govt approves special package for leather, footwear

Textiles | On 16th Dec 2017

Indian govt approves special package for leather, footwear

The Union Cabinet chaired by PM Narendra Modi has approved a special...

EU parliament resolution calls for Cambodia sanctions

Apparel/Garments | On 16th Dec 2017

EU parliament resolution calls for Cambodia sanctions

Following the ongoing crackdown in Cambodia on the opposition and...

Affordable prices to be hit if US pulls out of NAFTA: NRF

Apparel/Garments | On 16th Dec 2017

Affordable prices to be hit if US pulls out of NAFTA: NRF

US retailers’ ability to offer consumers quality products at...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Urmil Arya

Sushila International, a well established textile organisation established ...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mark Paterson
Technical Absorbents Ltd

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

December 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

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

Yes No

Active Poll

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

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

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

Yes No

Active Poll

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

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

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

Active Poll

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

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


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