Cotton prices jumped to a six-month high as a worldwide equity rally eased concern that demand may slow, while soaring soybean values increased the chances that U.S. farmers will plant less cotton. The Dow Jones Industrial Average rose as much as 3 percent to an 11-week high, signaling a quicker end ...
Cotton prices rose to an eight-week high in New York on signs that U.S. exports may increase and as soybean prices climbed, boosting the incentive for farmers to plant less fiber for a third straight year. The U.S., the biggest cotton exporter, may ship 12.33 million bales in the year ending ...
Like its Australian counterpart, New Zealand’s small Merino wool industry has its share of troubles, but not everybody is hurting. The determination of a few New Zealanders to overcome the flaws of the wool auction system, and the Kiwi genius for marketing, means their Merino wool punches well above its weight ...
Cotton prices in Punjab and Haryana have spiralled by up to 13 per cent in the last one month on account of rising demand from the local spinners. Prices of cotton yarn have also inched up by 13-14 per cent in the same period and this has helped spinners protect ...
KARACHI: The market revitalised on back of growing demand by leading consumers while passing through correctional phase during the week, traders at the Karachi Cotton Association (KCA) said Saturday. They said trading activities gained momentum as buyers focused to buy lint of all qualities amid firm physical prices. A senior trader ...
Cotton surged to a monthly high on Monday as traders bet the government's latest plan to help the stumbling banking economy will help demand. March-dated cotton climbed to 44.90 cents per pound, up 0.82 cents for the session. The Obama administration released details Monday of its latest plan to solve the massive, ...
Cotton prices gained the most in almost two months on renewed concern that a drought will damage the crop in Texas and on speculation the Federal Reserve’s bond- buying plan will spur inflation and demand for commodities. Texas, the largest U.S. grower, is experiencing a “severe drought,” the National Weather Service ...
India has said it should be included in the exclusive meetings which the US has been holding with West African cotton producing countries on subsidy cuts as part of the on-going Doha round of multilateral trade talks at the World Trade Organization (WTO). As India is the second largest cotton producing country in ...
Cotton futures fell in tandem with other commodities after China, the world’s third-largest economy, quelled speculation that it will add to its stimulus measures. Coffee was unchanged. Premier Wen Jiabao indicated the government won’t boost a 4 trillion yuan ($585 billion) spending plan. The Dow Jones Industrial Average slipped as much ...
Practically all of Mozambique's cotton companies missed their targets for the 2007/2008 agricultural year, according to the latest report from the Mozambique Cotton Institute (IAM). The final data from the marketing of raw cotton from the 2008 harvest was that 69,500 tonnes was produced, over seven per cent lower than the ...