Home / Knowledge / News / Textiles / Daily worldwide cotton market report
Daily worldwide cotton market report
15
Apr '09
Last night in New York futures market, May 2009 closed at 47.12 with a loss of 103 points with a volume of 8813 contracts traded, the July 09 closed at 47.93 with a loss of 105 points and the volume traded under July cover remained 8192 contracts, while the October closed at 50.73 with a loss of 105 points, the business volume under October cover was 3 contracts. The “A” index once again declared settled at 56.40 with no changes today.

The spot rate of KCA remained firm and strong, as the settlement declared at Rs. 3450/= with no changes today. In the domestic market 1676 bales of Sadiqabad sold at Rs. 3450/, 400 bales of Burewala sold at Rs. 3600/=, 400 bales of Lodhran sold at Rs. 3600/=, 800 bales of Fazilpur sold at Rs. 3400/= to Rs. 3500/=. 200 bales of Chiron changed hands at Rs. 3385/=

According to Cotlook, “a continuous strengthening of prices has characterized the domestic market over the past several days. This has been attributed to the absence of any fresh news on government policy matters. Mills are said to be lobbying for allocation of additional import quota on the 'sliding-scale' tariff, complaining that cotton prices are rising but yarn sales remain stagnant, though note is taken of the fact that no special quota was forthcoming to facilitate the participation of cotton buyers in the forthcoming procurement delegation to the united states.”

In a second article from Cotlook reported that, “china customs data show that exports of textiles and clothing recovered moderately during March, though cumulative figures for the first three months of the year were down 15.6 and 5 percent, respectively. The Keqiao textile index (a broad measure of textile prices, supervised by the ministry of commerce) has risen from 90.44 to 90.6 this week.”

Ghulam Rabbani & Co.


Must ReadView All

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Rajiv Sirohi
Shara

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

Kevin Nelson
TissueGen

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

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...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


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