Cotton

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rakeshmalik

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Cotton gains Rs 50-75 in north India, buying dull
After gaining Rs 50-75 a maund in the morning, cotton is witnessing dull demand and an increase in selling in major north India markets Friday. Total arrival in the country was 3,000 bales.
Traders apprised that a major mill sold around 200 bales of cotton at Rs 3,750 a maund but the millers who were buying from the last few days are not taking interest in dealing at current hiked prices. This is why market sentiment is dull.
Millers have increased yarn prices tracking a hike in cotton prices in the last few days. Though, there has not been any deal but it is expected further. Millers increased the price of 30 count combed yarn by Rs 5 a kg and are quoting it at Rs 160 a kg.
The crop condition in north India is reported to be good. A decent downpour recently was favourable for the standing crop. Balls have started to emerge and Cultivation may get start by August end.
In Punjab, ready delivery S-G cotton traded at Rs 3,725- 3,750 a maund. In Haryana, it offered at Rs 3,600- 3,625 while in Rajasthan, ready delivery cotton quoted at Rs 3,550- 3,650 a maund.

Cotton traded steady to strong in major west India markets Friday. Prices of good quality cooton are ruling higher while inferior is being quoted stable. Total arrival in the country was 3,000 bales.
Traders apprised that buying has become dull after an incessant roll up in prices in the past few days. Though exporters are enquiring, but sellers are not ready to sell at the prices being quoted by the former. A south-Indian miller bought 3,000 bales of cotton at Rs 35,000- 35,500 per candy.
In Gujarat, S-6 grade A cotton traded at Rs 35,000- 36,000 per candy, grade B at Rs 32,000- 33,000, grade C at Rs 30,000- 31,000 while grade D offered at Rs 28,000- 30,000 a candy. Prices of V-797 cotton grade A remained at Rs 24,500- 26,000 while grade B offered at Rs 20,000- 22,000 a candy.
In Maharashtra and Madhya Pradesh, cotton 24/26 MM traded at Rs 27,000- 29,000 a candy, 28 MM quoted at Rs 30,000- 32,000 a candy while 29/30 MM at Rs 33,000- 34,500 a candy.
 

rakeshmalik

Well-Known Member
prices in ready business move up sharply on rising demand

Upward trend persisted on the cotton market on Thursday as mills got panic after news that cotton support prices may be fixed if rates go down further, dealers said. The Karachi Cotton Association (KCA) official spot rate was given rise by Rs 400 to Rs 6000, they said.

In Sindh, seecotton prices picked up by Rs 200 and to Rs 2700-2800 and in Punjab rates rose by Rs 200-300 to 2900-3100, they said. In the ready business improved buying by mills and exporters raised the volume of business. Over 14000 bales of cotton changed hands between Rs 5,700-6,400 dealers added.
 

rakeshmalik

Well-Known Member
Millers increased yarn prices Rs 5
Millers have increased yarn prices tracking a hike in cotton prices in the last few days. Though, there has not been any deal but it is expected further. Millers increased the price of 30 count combed yarn by Rs 5 a kg and are quoting it at Rs 160 a kg.
 

rakeshmalik

Well-Known Member
one-third of country’s cotton prodction by gujrat
August 06, 2011


Gujarat produced 10.5 million bales of cotton in 2010-11, which is nearly one-third of the total cotton production of 33.425 million bales in the country, Sharad Pawar, Union Minister for Agriculture has stated in the Rajya Sabha.

During Question Hour, the Minister said that the Technology Mission on Cotton (TMC) is being implemented by the Government since 2000-01. He added that the TMC’s objective is to increase production, productivity and quality of cotton, and is being carried out in 13 States including Gujarat.

He disclosed that an amount of Rs. 6.99 billion was sanctioned by the Government under TMC during the Eleventh Five-Year Plan, out of which Rs. 1.91 billion was for Gujarat alone.

He further explained that the Government, through the TMC, strives to develop superior quality cotton fibre that is resistant to both biotic and abiotic stresses.

The Minister mentioned that at two places in Gujarat, namely, Surat and Junagadh, the All India Coordinated Cotton Improvement Project is being implemented to boost cotton production.

The Project is being carried out by the Indian Council of Agricultural Research (ICAR), and institutional facilities for technology dissemination and new research are being provided by various research institutes of the ICAR, Krishi Vigyan Kendras and State agricultural universities.
 

rakeshmalik

Well-Known Member
cy Report :

DGFT has issued Notification No. NOTICE NO.67 & 68 dt.4-8-2011 or DEPB benefit on Cotton Yarn & Cotton Bales.

DEPB Benefit on Cotton is applicable after 01.10.2010 and on Cotton Yarn after 01.4.2011.

To Get DEPB Benefit RCMC, BRC, Shipping Bill, SDF Form, Invoice etc. required to submit with DGFT.

RC Formality related :

DGFT has issued Notification No. 63 dt. 4-8-11 for RC Rules that Exporter have to submit 2.5% or 1 lacs (whichever is more) Bank Guarantee valid till 30-9-2011 as performarance guarantee to DGFT and Shipment have to complete within 30 days from RC issued Date.
 

rakeshmalik

Well-Known Member
strike hurts business sentiment on cotton market
Activity came down on the cotton market on Saturday in process of trading, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 6,200, they said. In Sindh see cotton prices were unchanged at Rs 2700-2750 and in Punjab rates were at Rs 2900-2950, they said.

In the ready business, over 7000 bales of cotton changed hands between Rs 6100-6500 in process of trading, they said. Commenting on the present trend in the market, Naseem Usman said that trading activity was down due to higher prices and partly because of ginners' strike against 3.5 withholding tax for purchasing of phutti from the third party. He also said that the ginners are demanding of the government to remove the tax, which under the circumstances, is an adding problem for the ginners.

The following deals were reported: 1000 bales of cotton from Shahdad Pur sold at Rs 6100-6300, 1000 bales of cotton from Tando Adam sold at Rs 6100-6200, 1000 bales of cotton from Sanghar at Rs 6100-6300, 200 bales from Shah Pur Chakar at Rs 6300, 600 bales from Hyderabad at Rs 6100-6350, 400 bales from Sillan Wali at Rs 6500, 200 bales from Dunia Pur at Rs 6500, 600 bales from Chichawatni at Rs 6500, 200 bales from Vehari at Rs 6500, 400 bales from Burewala at Rs 6500, 200 bales from Kassowal at Rs 6500, 400 bales from Bahawal Nagar at Rs 6500, 400 bales from Sahiwal at Rs 6500 and 400 bales from Hasil Pur at Rs 6500.
 

rakeshmalik

Well-Known Member
Met Office's advice to cotton growers

The Meteorological Department has forecast largely hot and humid weather in most parts of the country in the next week, advising the cotton growers to irrigate their crops as per requirement. "Due to the expected dry weather in the cotton belt, farmers are advised to irrigate the crops as per requirement," the Met Office Farmers' Advisory said on Saturday.

It also warned the farmers that gusty winds may prevail occasionally in the monsoon belt and adjoining areas, mostly in the upper half part of the country during the first 10 days of August. The country's weather, according to Met Office, is expected hot and humid during the first 10 days of August, as the monsoon weather system is approaching towards the upper parts of Pakistan. It is likely to cause rain and thundershower in the upper half part of the country including central and northern Punjab, Kashmir, Gilgit-Baltistan and upper Khyber Pukhtunkhwa.

The met office has reported thunderstorm and gust winds and rain in Kashmir, Gilgit-Baltistan, Khyber Pukhtunkhwa, Punjab and some parts of Sindh. Met office said temperature could rise in many parts of the country to 45 degree Centigrade including southern Punjab lower Khyber Pukhtunkhwa, Sindh and Balochistan in the next week due to the expected clear horizon. Temperature in the agriculture plains of upper Khyber Pukhtunkhwa and central Punjab is also expected to surge by to 30 degrees centigrade during the period.
 

rakeshmalik

Well-Known Member
East China on Alert as Super Typhoon Muifa Approaches Shanghai
By Anissa Haddadi
A super typhoon is heading into the East China Sea toward Shanghai with winds up to 198 kilometres per hour at its core, authorities have warned.

The typhoon is expected to approach the Chinese coastline late Saturday night.

"If Typhoon Muifa ends up making landfall in the expected area, there is the definite likelihood of port operations being affected, and some damage could well occur," warns Jeffrey Landsberg of Commodore Research & Consultancy, the Port Strategy reports.

According to Landsberg, the ports most likely to be concerned include Taizhou, Wenzhou, Zhoushan, Ningbo, Shanghai, Jiangyin, Nanjing, and Nantong. However, it is also possible that activity at the more northerly ports including Rizhao and Qingdao will also be impacted.
Taking preventive measures, Chinese authorities have begun ordering fishing boats back to shore, while Japanese officials have cancelled flights in Okinawa, causing important travel disruptions and affecting hundreds of passengers.

Late Thursday, Typhoon Muifa was positioned near the Ryukyu Islands, midway between Japan's main islands and Taiwan and China's National Marine Environmental Forecasting Centre warned it could produce waves of six to nine meters.
In Shanghai, on the other hand, authorities warned the storm could be as powerful as 2005's Typhoon Matsa which killed four people and caused more than $15 million in damage.

Muifa claimed five lives as it passed through the northern and central Philippines earlier this week.
 

rakeshmalik

Well-Known Member
China evacuates over 200,000 ahead of Typhoon Mufia, issues red alert


Read more at: http://www.ndtv.com/article/world/c...d-of-typhoon-mufia-issues-red-alert-124683&cp

Beijing: More than 200,000 coastal residents in eastern China have evacuated and thousands of ships have been called back to shore ahead of the arrival of Typhoon Muifa, a powerful tropical storm that has already battered the Philippines, Taiwan and Japan.

Zhejiang province moved 206,664 people from its coastal areas while another 80,400 residents were evacuated in Fujian province, according to local government websites. Thousands of ships along the east coast had also been called back to shore, the statements said.

Typhoon Muifa was forecast to hit China sometime between Sunday morning and late Sunday afternoon, China's Central Meteorological Administration said. The storm is expected to make landfall in either northern Zhejiang or southern Jiangsu and skim the coast as it heads north.


Read more at: http://www.ndtv.com/article/world/c...d-of-typhoon-mufia-issues-red-alert-124683&cp
 
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