Month: April 2017

COTTONGURU™ Daily Report

Posted on Updated on

  1. Arrivals on 21/04/17 is about 0.72 lakh bales.
  2. Market: Bullish
  3. Boost seen for cotton sowing on good realisations, normal monsoon: With the prediction of a normal monsoon, sowing and production of India’s biggest commercial crop, cotton, is expected to get a further boost in 2017, on the back of good returns enjoyed by its cultivators last year.
  4. China State Reserve Sold 74.65% at 11200 tones out of 15003 tones of Cotton reserved in 1st session.

For more brief reports of cotton market and Buy Sell Options,
download COTTONGURU™ App: https://play.google.com/store/apps/details?id=com.websqour.cottonguru

For detailed reports on global cotton markets, subscribe to COTTONGURU™  Fortnightly Newsletter on http://www.cottonguru.org

Advertisements

COTTONGURU™ Daily Report

Posted on Updated on

  1. Arrivals on 11/04/17 is about 0.80 lakh bales.
  2. Market:  Steady
  3. Bangladesh’s garment industry mostly depends on imported cotton for raw materials sourcing mostly from India and China. Bangladesh is currently the second largest cotton importer in the world sourcing. If Africa produces more cotton, it will be helpful for Bangladesh and it can be good alternative for cotton import.
  4. Cotton spinners in India are considering production cuts during the current financial year to sustain profit margins, which were under pressure due to a sharp increase in the price of cotton over the last few months.
  5. Cotton prices are expected to trade sideways today as participants may remain cautious ahead of release of USDA monthly supply and demand estimation report which is scheduled to release today.

For more brief reports of cotton market and Buy Sell Options,
download COTTONGURU™ App: https://play.google.com/store/apps/details?id=com.websqour.cottonguru

For detailed reports on global cotton markets, subscribe to COTTONGURU™  Fortnightly Newsletter on http://www.cottonguru.org

COTTONGURU™ Daily Report

Posted on

  1. Arrivals on 04/04/17 is about 0.83 lakh bales.
  2. Market:  Bearish
  3. COTTONGURU ™ Question for Cotton Ginners:*
    With record imports,lower exports and good domestic stock, do you still feel that the cotton market will go up?

    Your answer will help us analyse the market situation and cotton price trend for the rest of the season.

For more brief reports of cotton market and Buy Sell Options,
download COTTONGURU™ App: https://play.google.com/store/apps/details?id=com.websqour.cottonguru

For detailed reports on global cotton markets, subscribe to COTTONGURU™  Fortnightly Newsletter on http://www.cottonguru.org

COTTONGURU™ Daily Report

Posted on

  1. Arrivals on 03/04/17 is about 0.93 lakh bales.
  2. Market:  Bullish
  3. Central Government has increased the subsidy by 30 % .This will benefit mainly the small weavers. Further,in Bhiwandi district of Maharashtra, a comprehensive powerloom development scheme by name ” Power Tex India ” has been launched by the Union Textile Minister.This scheme is expected to result in resurgence in the poweloom sector in Bhiwandi. ‘ Power Tex India ‘ scheme will benefit all small weavers.

For more brief reports of cotton market and Buy Sell Options,
download COTTONGURU™ App: https://play.google.com/store/apps/details?id=com.websqour.cottonguru

For detailed reports on global cotton markets, subscribe to COTTONGURU™  Fortnightly Newsletter on http://www.cottonguru.org

COTTONGURU™ Daily Report

Posted on

  1. Arrivals on 01/04/17 is about 0.78 lakh bales.
  2. Market:  Steady
  3. Indian mills have started contracting Australian cotton for May/ June shipments.
  4. Pakistan early sown cotton crop (20% of total area) lags due to water shortages. Sowing is about 30% of the usual.
  5. ICE May contract & the nearby May-July spread effectively finished unchanged on the week on extremely strong demand data & bearish new crop acreage data.
  6. Australian picking is underway and some cyclonic rainfall in Queensland may damage a small cotton crop or degrade cotton with plants flooded
  7. China reserves have auctioned nearly 4.65 lac tonnes out of its target 20 lac tonnes upto 31st March.Still 110 possible auction days left upto 31August. Need to avg 14000/15000 a day to reach targets

For more brief reports of cotton market and Buy Sell Options,
download COTTONGURU™ App: https://play.google.com/store/apps/details?id=com.websqour.cottonguru

For detailed reports on global cotton markets, subscribe to COTTONGURU™  Fortnightly Newsletter on http://www.cottonguru.org