Cotton Weekly Brief
Essay by Woxman • March 14, 2012 • Essay • 416 Words (2 Pages) • 1,536 Views
Upland offering rates have shown little new direction, in the
absence of a lead from New York futures or any new stimulus from
the demand side of the market. Futures have witnessed light trading,
with limited speculative participation... Physical prices in China have
presented a steadier appearance. The recent slide of man-made fi bre
prices has also been arrested. Prices on electronic markets have
mostly gained modest ground... Local mill demand has imparted some
fi rmness to local prices in Turkey... The Egyptian government has
earmarked one billion pounds for the purchase of seed cotto n. The
current price support arrangements will be discussed by Alcotexa at
the weekend... Some fi ve hundred people attended Turkmenistan's
fi rst Cotton Fair.
Inclement weather has hindered the fi nal stages of the US harvest,
but overall the moisture is welcome. Clearer weather has
allowed Pima producers to undertake remnant picking... Mexican
farmers are concerned at a possible shortfall in irrigation water for
next season's cotton crop... In China, unhelpful wet weather has
accompanied the closing stages of the harvest... Indian seed cotton
arrivals have continued to lag well behind the pace of last season.
Production forecasts have been reduced but still indicate a record
crop... Seed cotton deliveries in Pakistan have quickly regained
momentum, following a holiday. A bumper crop remains in prospect...
In Brazil, sowing is making good progress in Mato Grosso,
but rains have necessitated some replanting in Bahia... Planting in
Argentina was close to the half-way stage by the end of November,
according to offi cial fi gures... Paraguay has completed sowing on a
higher area than last season... Heavy rains have damaged Colombia's
Coastal crop... South Africa anticipates that plantings will be about
maintained in 2011/12... In Australia, an offi cial forecast confi rms
expectations of a record
...
...