Home / Knowledge / News / Textiles / US cotton futures post another record high
US cotton futures post another record high
18
Oct '10
A rally in the cotton market of China on high demand and restricted international supply of cotton fibre has caused the U.S. cotton futures to bounce over four percent to create a record high growth. Cotton prices in China touched the upper four percent limit when compared with the previous session.

US cotton futures contracts for December touched a record high of US $1.198 per lb in Asian trade. According to the China Cotton Association, cotton imports in China in the month of September, 2010, amounted to 201,000 tons, which indicated an increase of 97 percent, from a year ago.

The China Cotton Association has cut its projection of China's cotton yield to 6.64 million tons. This is the second cut in its estimate in a period of more than two weeks. On 29th September, it had estimated a yield of 6.7 million tons, which is less than the first estimate of 6.96 million tons.

The latest estimate would indicate a drop of 5 percent from the forecast of previous year's yield of 7.0 million tons, however the Chinese administration announced last year's yield at 6.4 million tons. It is less than the U.S. Department of Agriculture's forecast of 32 million bales or, 6.976 million tons.

Fibre2fashion News Desk-India

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Eamonn Tighe
Nature Works LLC

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search