;
Home / Knowledge / News / Textiles / Cotton exports register impressive figures
Cotton exports register impressive figures
05
May '08
Cotton prices zig zagged lower last week, making new recent lows before attempting to form an encouraging double bottom as April came to a close on Wednesday. For the month of April, July lost 163 points while Dec gained 40 points. However, cotton lost 24,670 in open interest last month which brought the two month loss to over 55,000 contracts.

After Wednesday's encouraging performance, the market failed to hold early strength Thursday morning despite the best export report of the season. Cotton fell and fell hard creating a bearish outside range day to the downside Thursday.

However, cotton was not alone in its troubles, not by a long shot. Bulls pulled the plug on one market after another as the U.S. dollar moved to its highest level in nearly two months.

When the smoke cleared from Thursday's broad collapse, the commodity research bureaus index of 19 commodities had lost over 900 points. The winners Thursday were the US dollar and the stock market although corn held its own. Quite possibly the change in sentiment of the greenback has been the most significant factor in cooling the previously red-hot speculative fever in commodities

As the week drew to a close, Outside markets, precious metals, row crops and unfortunately crude oil futures were quite stable to noticeably higher on Friday and by mid-session this spilled over into cotton to a limited extent. However, most of the recovery in the CRB Index Friday came from crude oil.

Fridays bounce for cotton prices was only the 4th positive close in the last two and a half weeks. Despite the attempt to stabilize on Friday May cotton still lost 141 for the week while July cotton lost 188. December cotton lost 220 points for the week.


Must ReadView All

Global yarn production up in Q2/18; fabric dips slightly

Textiles | On 10th Dec 2018

Global yarn production up in Q2/18; fabric dips slightly

Global yarn production increased by 5 per cent between Q1/18 and...

Courtesy: Intertextile shanghai hometextiles

Textiles | On 10th Dec 2018

Intertextile Shanghai Home expects 200 suppliers

Around 200 suppliers from China and other countries will display...

Courtesy: Rakez

Textiles | On 10th Dec 2018

Over 50 Indian firms eyeing operations in UAE's RAKEZ

Over 50 Indian firms are interested in expanding operations in Ras Al ...

Interviews View All

Top executives, Textile industry, India

Top executives
Textile industry, India

The event should be organised every year

Headhonchos, Indian fashion industry

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Sunil Kumar Sharma, Loknayak JPNSSSG Ltd

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Lin Jing,

Lin Jing

Jiangsu New Victor is a Chinese mechanical equipment manufacturing...

Deepprakash Agrawal,

Deepprakash Agrawal

Radhey Weaves is a Surat-based manufacturer of brocade fabrics. MD...

Umang Banthia,

Umang Banthia

Established in 2005, SL Banthia Textiles manufactures coated fabrics....

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mary-Cathryn Kolb, Brrr°

Mary-Cathryn Kolb
Brrr°

Atlanta-based private start-up Brrr° was founded in 2014 to develop...

Silke Brand-Kirsch, Schlegel und Partner

Silke Brand-Kirsch
Schlegel und Partner

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

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

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

Leave your Comments


December 2018

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

news category


Related Categories:

Advanced Search