As cotton crop starts arriving in Punjab and Haryana, cotton growers can hope for remunerative prices this new season as crop prices are ruling 25 per cent up in the spot market. Farmers are fetching anything between Rs 5,000 and Rs 5,400 per quintal for cotton as against Rs 4,000 and 4,200 per quintal rates prevailed in last season, traders said. "The new cotton season has opened on a high note as there is 20 to 25 per cent appreciation in cotton prices of new arrivals in comparison to

Textile Raw Material Price 2013-09-18 Item Price Unit Fluctuation Date Oil WTI 106.59 USD/Barrel -1.62 2013-09-18 PX 1493 USD/Ton -8 2013-09-18 PTA Buy 7650 RMB/Ton -40 2013-09-18 PTA Sell 1057 USD/Ton -8 2013-09-18 MEG Buy 7730 RMB/Ton -120 2013-09-18 MEG Sell 1060 USD/Ton -10 2013-09-18 CPL Buy 18500 RMB/Ton 0 2013-09-18 CPL Sell 2370

Textile Raw Material Price 2013-09-17 Item Price Unit Fluctuation Date Oil WTI 108.21 USD/Barrel -0.39 2013-09-17 PX 1501 USD/Ton 0 2013-09-17 PTA Buy 7690 RMB/Ton -40 2013-09-17 PTA Sell 1065 USD/Ton -3 2013-09-17 MEG Buy 7850 RMB/Ton -70 2013-09-17 MEG Sell 1070 USD/Ton -8 2013-09-17 CPL Buy 18500 RMB/Ton 0 2013-09-17 CPL Sell 2370 US

In July, the consumer price index (CPI) grew 2.7% year-on-year and the price of clothing surged 2.2%, in which, the price of apparel grew 2.3% and the price of footwear grew 1.5%. The consumer price surged 2.6% in urban area and 2.9% in rural; food price grew 5.0% and non-food price rose 1.6%; price of consumer goods grew 2.7% and service price grew 2.7%. In January-July, the average CPI grew 2.4% compared with same period of last year. Source: China Textile Leader.

ICE Cotton settled about 125 pts higher last week as a decent export sales report combined with only mildly bearish (and expected) adjustments to the USDA’s global supply and demand projections helped the market continue its bounce from around the 82 cent level. The potential for a lower USDA Chinese crop estimate remains, while an upward revision to Chinese demand as the USDA Ag attaché in Beijing recently indicated seems premature at this point. The fall in open interest and the spec long

Textile Raw Material Price 2013-09-16 Item Price Unit Fluctuation Date Oil WTI 108.6 USD/Barrel 1.04 2013-09-16 PX 1501 USD/Ton -1 2013-09-16 PTA Buy 7730 RMB/Ton 0 2013-09-16 PTA Sell 1068 USD/Ton -2 2013-09-16 MEG Buy 7920 RMB/Ton -60 2013-09-16 MEG Sell 1078 USD/Ton -2 2013-09-16 CPL Buy 18500 RMB/Ton 0 2013-09-16 CPL Sell 2360 USD/T

The number of countries producing cotton with biotech traits has grown to 15, and more are completing the processes associated with regulatory approval prior to adoption. The fees associated with biotechnology and the need for biosafety protocols are hindering the spread of biotechnology. The existence of specific constraints to cotton production, including the Cotton Leaf Curl virus in Pakistan and the boll weevil in South America, limit the economic value of varieties with biotech traits i

After trading to a low of 82.11 cents last week, downside momentum faded and the market was able to move slightly higher this week, with December closing today about 300 points above important long-term support at 81.72 cents. The lack of momentum was evident from the low trading volume, which averaged just around 14’000 contracts per session between Friday and Wednesday, before picking up slightly to an estimated 17’371 lots today. The much anticipated USDA report contained no great surpr

Textile Raw Material Price 2013-09-13 Item Price Unit Fluctuation Date Oil WTI 108.6 USD/Barrel 1.04 2013-09-13 PX 1501 USD/Ton -1 2013-09-13 PTA Buy 7730 RMB/Ton 0 2013-09-13 PTA Sell 1068 USD/Ton -2 2013-09-13 MEG Buy 7920 RMB/Ton -60 2013-09-13 MEG Sell 1078 USD/Ton -2 2013-09-13 CPL Buy 18500 RMB/Ton 0 2013-09-13 CPL Sell 2360 USD/T

This week’s sale saw a sharp increase in wool prices compared with the first sale of the new wool-selling season and the Cape Wools Merino indicator gained 13.8% to close at R116.03/kg (clean). This increase is attributed to the active European demand pushing the market price of wool in an upward direction. Traders commented that the relatively unchanged rand value played no role in the steep climb in the wool price. The rand was 0.7% weaker against the US dollar compared with the average ra