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  #181  
Old 1st April 2008, 07:01 PM
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Default Re: Cotton

Cotton futures suffer sharp losses
Mumbai - Cotton futures closed sharply down due to heavy selling by traders and speculators amid bearish trend during intraday session on both the domestic exchanges Tuesday. While NCDEX April cotton is weak.

01/04 14:41 Cotton lint firm in north India

01/04 10:23 Cotton futures descend sharply

01/04 09:14 ICE cotton falls on weak soy, wheat

01/04 08:46 Kapas NCDEX April
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  #182  
Old 1st April 2008, 07:47 PM
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Default Re: Cotton

Downward price pressure builds in Pakistan (13:16 GMT 1st Apr, 2008)
Strong thunderstorms rumbled across Memphis Territory (12:59 GMT 1st Apr, 2008)
Indian arrivals (12:18 GMT 1st Apr, 2008)
New York again lower (12:06 GMT 1st Apr, 2008)
Cotcorp quotes (9:02 GMT 1st Apr, 2008)
New York futures: spec/hedge report (8:30 GMT 1st Apr, 2008)
ZCE declines sharply (7:28 GMT 1st Apr, 2008)
Long staple prices still weak in China (7:09 GMT 1st Apr, 2008)
China Cotton Index (6:42 GMT 1st Apr, 2008)
CNCE softer (6:05 GMT 1st Apr, 2008)
Increase in sales on The Seam
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  #183  
Old 1st April 2008, 07:49 PM
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Default Re: Cotton

LATEST RAW COTTON ARRIVALS
(Position as on 31st (March 2008)
The per day arrivals are reported around 65,000 bales.

States 2007-08 2006-07
Quantity in lakh bales of 170 kgs

Punjab 20.60 23.45
Haryana 14.00 13.75
Rajasthan 8.70 7.80
North Total 43.30 45.00
Gujarat 96.00 79.00
Maharashtra 57.00 46.50
Madhya Pradesh 18.50 16.15
Central Total 171.50 141.65
Andhra Pradesh 40.25 30.20
Karnataka 6.25 4.80
Tamil Nadu 2.40 2.35
South Total 48.90 37.35
Others 1.50 1.00
Total 265.20 225.00
Plus Loose lint 10.75 11.00
Grand Total 275.95 236.00
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  #184  
Old 1st April 2008, 08:16 PM
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Default Re: Cotton

Don’t know when inflation will come down: Pawar

New Delhi, April 01: Union Agriculture Minister Sharad Pawar on Tuesday said he had no idea when the rising inflation rate would halt or come down. He added he could not predict this as he was not an “astrologer”.

Pawar, who is also the chief of Nationalist Congress Party, said this when asked by reporters what the UPA government at the Centre was doing to check the surging inflation, which touched a 13-month high of 6.68% in the middle of March.

The minister said his government had taken many steps to check rising prices, especially of essential commodities.

On Monday, the government scrapped import duties on crude edible oils and banned exports of non-basmati rice amid a raft of measures to stem rising inflation.

After a meeting of the Cabinet Committee on Prices, Finance Minister P Chidambaram said import duty on all edible oil in crude form would be slashed to zero percent with immediate effect. Duty on maize imports was cut to zero from 15%, while a ban on exports of pulses was extended for 12 months. All exports of non-basmati rice had to stop, the minister said
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  #185  
Old 1st April 2008, 09:32 PM
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Default Re: Cotton

Cash - - - 73.81 * Feb 25, 09:53 - - - - - n/a
May 08 69.80 69.80 67.31 69.19 Apr 01, 11:50 - -0.15 22342 69.34 102344 Call Put
Jul 08 73.25 73.25 70.80 72.55 Apr 01, 11:50 - -0.25 10289 72.80 61842 Call Put
Oct 08 75.72 76.13 75.30 76.13 Apr 01, 11:42 - -0.67 100 76.80 2366 Call Put
Dec 08 78.95 79.72 77.08 79.72 Apr 01, 11:50 - 0.60 5136 79.12 88956 Call Put
Mar 09 80.29 81.92 79.80 81.92 Apr 01, 11:49 - 0.32 231 81.60 7485 Call Put
May 09 80.99 80.99 80.85 80.85 Apr 01, 10:38 - -1.51 7 82.36 554 Call Put
Jul 09 81.69 81.69 81.65 81.65 Apr 01, 10:40 - -1.56 20 83.21 883 Call Put
Oct 09 - - - 83.61 * Mar 31, 16:55 - - - 83.61 69 Call Put
Dec 09 82.97 83.00 82.97 83.00 Apr 01, 10:35 - -1.11 - 84.11 2754 Call Put
Mar 10 - - - 85.81 * Mar 31, 16:55 - - - 85.81 50 Call Put
May 10 - - - 86.31 * Mar 31, 16:55 - - - 86.31 - Call Put
Jul 10 - - - 86.81 * Mar 31, 16:55 - - - 86.81 1331 Call Put
Oct 10 - - - 87.31 * Mar 31, 16:55 - - 1 87.31 7 Call Put
Dec 10 - - - 88.61 * Mar 31, 16:55 - - - 88.61 34 Call Put
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  #186  
Old 1st April 2008, 10:04 PM
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Default Re: Cotton

Cash - - - 73.81 * Feb 25, 09:53 - - - - - n/a
May 08 69.80 70.44 67.31 69.89 Apr 01, 12:22 - 0.55 22342 69.34 102344 Call Put
Jul 08 73.25 73.85 70.80 73.37 Apr 01, 12:22 - 0.57 10289 72.80 61842 Call Put
Oct 08 75.72 77.66 75.30 77.04 Apr 01, 12:17 - 0.24 100 76.80 2366 Call Put
Dec 08 78.95 80.80 77.08 80.30 Apr 01, 12:22 - 1.18 5136 79.12 88956 Call Put
Mar 09 80.29 82.87 79.80 82.87 Apr 01, 12:16 - 1.27 231 81.60 7485 Call Put
May 09 80.99 80.99 80.85 80.85 Apr 01, 10:38 - -1.51 7 82.36 554 Call Put
Jul 09 81.69 81.69 81.65 81.65 Apr 01, 10:40 - -1.56 20 83.21 883 Call Put
Oct 09 - - - 83.61 * Mar 31, 16:55 - - - 83.61 69 Call Put
Dec 09 82.97 83.00 82.97 83.00 Apr 01, 10:35 - -1.11 - 84.11 2754 Call Put
Mar 10 - - - 85.81 * Mar 31, 16:55 - - - 85.81 50 Call Put
May 10 - - - 86.31 * Mar 31, 16:55 - - - 86.31 - Call Put
Jul 10 - - - 86.81 * Mar 31, 16:55 - - - 86.81 1331 Call Put
Oct 10 - - - 87.31 * Mar 31, 16:55 - - 1 87.31 7 Call Put
Dec 10 - - - 88.61 * Mar 31, 16:55 - - - 88.61 34 Call Put
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  #187  
Old 2nd April 2008, 09:27 AM
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Default Re: Cotton

CBOT Soybean Oil

Month
Click for chart Session Pr.Day Options
Open High Low Last Time Sett Chg Vol Sett OpInt
May 08 49.50 53.30 49.18 52.15 Apr 01, 16:23 52.15 0.67 38198 51.48 115305 Call Put
Jul 08 50.20 53.98 50.20 53.15 Apr 01, 16:23 53.15 0.95 20430 52.20 71626 Call Put
Aug 08 50.60 54.25 50.60 53.55 Apr 01, 16:23 53.55 1.07 502 52.48 11534 Call Put
Sep 08 51.15 54.40 50.85 53.77 Apr 01, 16:23 53.77 1.09 918 52.68 9520 Call Put
Oct 08 50.90 54.30 50.90 53.85 Apr 01, 16:23 53.85 1.20 925 52.65 8410 Call Put
Dec 08 51.30 54.85 51.15 54.12 Apr 01, 16:23 54.12 0.99 8634 53.13 54055 Call Put
Jan 09 52.70 55.05 52.50 54.30 Apr 01, 16:23 54.30 1.05 622 53.25 2558 Call Put
Mar 09 52.95 55.25 52.95 54.55 Apr 01, 16:23 54.55 1.05 538 53.50 5330 Call Put
May 09 54.30 55.30 54.00 54.50 Apr 01, 16:23 54.50 1.05 254 53.45 2487 Call Put
Jul 09 54.50 55.40 53.90 54.50 Apr 01, 16:23 54.50 1.00 154 53.50 1272 Call Put
Aug 09 54.00 54.50 54.00 54.31 Apr 01, 16:23 54.31 1.81 7 52.50 87 Call Put
Sep 09 53.75 53.75 53.00 53.00 Apr 01, 16:23 53.00 1.75 5 51.25 98 Call Put
Oct 09 53.50 53.50 52.00 52.00 Apr 01, 16:23 52.00 2.00 5 50.00 105 Call Put
Dec 09 52.50 52.50 51.75 51.75 Apr 01, 16:23 51.75 2.00 12 49.75 1588 Call Put
Jul 10 - 51.75 49.75 51.75 Apr 01, 16:23 51.75 2.00 0 49.75 0 Call Put
Oct 10 - 51.75 49.75 51.75 Apr 01, 16:23 51.75 2.00 0 49.75 0 Call Put
Dec 10 - 51.75 49.75 51.75 Apr 01, 16:23 51.75 2.00 9 49.75 5 Call Put
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  #188  
Old 2nd April 2008, 09:43 AM
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Default Re: Cotton

Indian cotton suppliers resume shipment
ASMA RAZAQ
ISLAMABAD (April 02 2008): The Indian suppliers have started sending cotton to their Pakistani counterparts immediately after price decrease in the domestic and international markets, sources told Business Recorder here on Tuesday. Tempted by sudden price hike in the global market, Indian traders had delayed shipments of cotton which, as per delivery schedule, had to reach Pakistan by mid-February.

The supply has now been started in the last week of March, sources added. "We have to import around two million bales of short and medium staple cotton from India, and almost 1.5 million bales have arrived, and now the delivery of the rest of the cotton has started", sources said.

As he textile industry prefers Indian lint against local, all major mills are placing orders with Indian traders having better quality and comparatively more finished product in terms of weight. "Our cotton lacks the standard weight. It is 150-155 kg per bale, against the standard weight of 170 kg per bale", sources said.

According to them, when the deal was made with Indian traders, the freight rate per container was $700 and cotton prices in the domestic market were 68-70 cents per pound but after a sudden rise in international price, cotton prices in the Indian market rose to 81-82 cents per pound, with the increase in prices of shipments container to $1700 from $700.

Keeping this in view, the Indian traders refused to supply cotton on old rates and stopped shipments, but now the situation has changed as the rate of cotton in Indian local market has decreased to 73-74 cents per pound decreasing shipment rate again to $1100-1200. Earlier, the Ministry of Commerce and Industries had decided to take up the matter with Indian government but cotton importers did not favour it as they wanted to solve the problem themselves.
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  #189  
Old 2nd April 2008, 09:50 AM
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Default Re: Cotton

Small business seen on cotton market
RECORDER REPORT
KARACHI (April 02 2008): Wait-and-see like situation prevailed on the cotton market on Tuesday as leading buyers were on the sidelines due to lack of motivating factors, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 3300. Phutti prices in both Sindh and Punjab were also same at Rs 1200-1600, they added.

A deal was struck at Rs 3550, they said. According to the market sources, the ginners are hoping that they may gain profit in the coming days if the mills make new buying at their psychological levels. At the same time, they (mills) were waiting for the proper time to Purchase the best type at their export parity levels, they noted.

The NY cotton futures were lower as the ICE Futures' May cotton contract sank 2.34 cents to close at 69.34 cents per lb, dealing from 69.08 to 72.97 cents. The new-crop December cotton futures fell 2.55 cents to close at 79.12 cents. Some hundreds bales of cotton changed hands as 600 bales from Sadiqabad sold at Rs 3150 and 1000 from Rahim Yar Khan sold at Rs 3550, they said.

================================================== =========
The KCA Official Spot Rate for Local Dealings in Pak Rupees
-----------------------------------------------------------
FOR BASE GRADE 3 STAPLE LENGTH 1-1/32"
MICRONAIRE VALUE BETWEEN 3.8 TO 4.9 NCL
================================================== =========
Rate Ex-Gin Upcountry Spot Rate Ex-Karachi
for Price Sales Tax @ 15%
================================================== =========
37.32 Kgs 3300.00 50 3350.00
Equivalent-------------------------------------------------
40 Kgs 3537.00 50 3587.00
================================================== =========
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  #190  
Old 2nd April 2008, 11:31 AM
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Default Re: Cotton

Cotton futures on recovery path
Mumbai - After suffering sharp losses in the previous session, cotton futures jumped into the green zone and traded higher amid fresh speculative buying during initial hours of session on both the d...

02/04 09:08 ICE cotton rallies on soybeans gains

02/04 08:18 Kapas NCDEX April

02/04 07:36 Kapas Khali NCDEX MAY

01/04 14:41 Cotton lint firm in north India
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