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: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Marten Alkhagen
Swerea IVF AB

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

Silvia Venturini Fendi
Fendi s.r.l

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

Wendell Rodricks
Wendell Rodricks

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

Sonam & Paras Modi
SVA

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

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search