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Worldwide Cotton Market is disturbed due to China - USA Trade-war, India New MSP Policy this week
and many other factors like deficit Rain, Crop Figures, Stock and Cotton Players watching Future Cotton
Exchange Price Pattern in ICE, China ZCE and Indian MCX Exchanges.
We all are Seating in Roller Coaster Cotton Rides and new surprises, challenges and opportunities will
come for Growers, Ginners, Spinners and Exporters. Lets See Detail Report ahead.
Cotton Ginners and Spinners is worried due to DCH 34-35 MM 116.00 USC
sudden price hike and if Domestic and
International Cotton Market Price Disparity Forward Trade Updates :
than many Industries will shutdown.
Multinational Companies and Leading Cotton
All Cotton Sowing Updates: Traders Booing New Cotton Crop 2018-19 season
as mentioned Below Rates :- (29 mm Variety)
The total sown area including all Agri. Crop as
on 6th July, 2018, as per Ministy of Agri. Dept. November 2018 : 47000-47300 Rs. /Candy
Reports received from States, stands at 333.76 December 2018 : 46700-47000 Rs./Candy
Lakh hectares as compared to 388.89 Lakh January 2019 : 46500-46700 Rs./Candy
hectares at this time last year.
In International Market China Buyer demanding at
As per Latest Report Cotton Sown in 54.60 lakh 88 USC /LBS with condition that cotton should
hectare vs. 71.82 Lakh hectare Last year. reach before 15th December-18 at China Port.
Punjab 2.85
Haryana 6.65
Rajasthan 5.61
Gujarat 4.93
Maharashtra 19.57
Madhya Pradesh 4.87
Telangana 8.80
Andhra Pradesh 0.79
Karnataka 2.22
Tamilndau 0.032
Orissa 0.076
Others 0.172
Total Sowing 56.57
(Last Year 71.82 Lakh Hectares)
Total Cotton Sowing Area Project at 122.35 Lakh Hectares
ALL INDIA COTTON VARIERTY LATEST PRICE UPDATES (AS PER CAI)
07 July (Day 1): Heavy to very heavy rain at a few places with extremely heavy at isolated places very likely
over Konkan & Goa and Vidarbha; heavy to very heavy at isolated places over Chhattisgarh, Madhya
Maharashtra, Telangana and Coastal Karnataka; heavy at isolated places over Assam & Meghalaya,
Nagaland, Manipur, Mizoram & Tripura, Coastal Andhra Pradesh, Interior Karnataka, Kerala and
Marathwada.
08 July (Day 2): Heavy to very heavy rain at a few places with extremely heavy at isolated places very likely
over Konkan & Goa; Heavy rain at a few places with very heavy rain at isolated places likely over Vidarbha
and Coastal Karnataka; heavy to very heavy at isolated places over Chhattisgarh, Madhya Maharashtra,
Marathwada and South Interior Karnataka; heavy at isolated places over Madhya Pradesh, SubHimalayan
West Bengal & Sikkim, Odisha, Arunachal Pradesh, Assam & Meghalaya, Nagaland, Manipur, Mizoram &
Tripura, Telangana and Kerala.
09 July (Day 3): Heavy to very heavy rain at a few places with extremely heavy at isolated places likely over
Konkan & Goa; Heavy rain at a few places with very heavy rain at isolated places likely over Coastal
Karnataka; heavy to very heavy at isolated places over South Interior Karnataka; heavy at isolated places
over Uttarakhand, Madhya Pradesh, Vidarbha, SubHimalayan West Bengal & Sikkim, Odisha, Assam &
Meghalaya, Madhya Maharashtra and Kerala.
10 July (Day 4): Heavy to very heavy rain at a few places with extremely heavy at isolated places likely over
Konkan & Goa; Heavy rain at a few places with very heavy rain at isolated places likely over Coastal
Karnataka; heavy to very heavy at isolated places over Uttarakhand, South Interior Karnataka and Kerala;
heavy at isolated places over Himachal Pradesh, Uttar Pradesh, East Madhya Pradesh, Gujarat region,
Odisha and Madhya Maharashtra.
11 July (Day 5): Heavy to very heavy rain at a few places with extremely heavy at isolated places likely over
Konkan & Goa; Heavy rain at a few places with very heavy rain at isolated places likely over Coastal
Karnataka; heavy to very heavy at isolated places over Uttarakhand, South Interior Karnataka and Kerala;
heavy at isolated places over Himachal Pradesh, Uttar Pradesh, East Madhya Pradesh, Gujarat region,
Odisha and Madhya Maharashtra.
INTERNATIONAL INDENTING AGENCY FOR COTTON, COTTON YARN AND TEXTILE WASTE
CALL : +91- 92272 00704 / 81600 36673 TELE : +91-79-29704899 EMAIL : ctigroup2017@gmail.com
WORLDWIDE COTTON MARKET REPORT
PUBLISHED BY : TUSHAR SHETH, SHANKAR 6 COTTON FIBERS PVT. LIMITED
VOL. SCF NO.102 AHMEDABAD, SATURDAY JULY 07, 2018 FREE REPORT
VOL. SCF NO.102 AHMEDABAD, SATURDAY JULY 07, 2018 FREE REPORT
FOR LETTER OF CREDIT (LC) DISCOUNTING, PACKING CREDIT (PRE & POST SHIPMENT)
CALL : +91- 92272 00704 (TUSHAR SHETH) / 81600 36673 Tele : +91-79-29704899 / 40307878
WORLDWIDE COTTON MARKET REPORT
PUBLISHED BY : TUSHAR SHETH, SHANKAR 6 COTTON FIBERS PVT. LIMITED
VOL. SCF NO.102 AHMEDABAD, SATURDAY JULY 07, 2018 FREE REPORT
VOL. SCF NO.102 AHMEDABAD, SATURDAY JULY 07, 2018 FREE REPORT
The Federal Board Of Revenue (FBR) issued a Notification SR0847 and imposed two percent custom
dutty on imports of Cotton and yarn to encourage use of local crop and save foreign exchange reserve.
The FBR, in a statement said the additional custom duty of two percent will be effective from 15th july
2018. The country spent foreign exchange to the tune of USD 915 $ milion on import of Raw Cotton
during the July - May period of 2017/18 showing an increase of around 20 percent.
Cotton output grew 11.8 percent to 11.935 million bales in the last fiscal year of 2017/18. Cotton
Production stood at 10.671 million bales during the previos fiscal year of 2016/17. Since Jan 8, The
Government has expempted 5% sales tax, 4% custom duty on Import of Cotton through notification
SR048 of 2018. Local Pakistan Cotton Market in Pakistan Currency quoted 8100 - 8300 PKR Per
Maund.
Now if Pakistan Cotton Buyer Import Cotton than have to Pay 3% , Addition Custom duty, 2% , Income
tax 1% so total 6% Cotton Import duty will imposed.
The short- and mid-term outlook is down. However, strong support is expected between 16’000 and
15’500. Resistance is at 16’600, then 17’300. The market is still dominated by worries about the
impending trade war between the US and China. About 50’000 tons US cotton are still lying in Qingdao
bonded warehouses; the owners are trying to customs clear as much as possible ahead of the
threatened introduction of a 25% additional import tax.
The 800’000 tons announced sliding scale import quota has not been issued for now; mills have made
their applications and actual quota distribution is expected later this month. The price for regular TRQ
quota on the resale market is still around 2’200 RMB/ton, about 15 c/lb. Most mills are covered for two
to three months and are not in a hurry to buy. Some import business for new crop is going on, but not
for US cotton. But in general import demand is suffering from the continued availability of domestic
cotton at attractive prices, mainly out of the ongoing Reserve auctions. With the decline in ZCE futures,
the hedged cotton in traders’ hands is also now contributing to supply at competitive prices.
VOL. SCF NO.102 AHMEDABAD, SATURDAY JULY 07, 2018 FREE REPORT
VOL. SCF NO.102 AHMEDABAD, SATURDAY JULY 07, 2018 FREE REPORT
VOL. SCF NO.102 AHMEDABAD, SATURDAY JULY 07, 2018 FREE REPORT
Cotton: Net sales of 18,000 running bales for 2017/2018 were down noticeably from the
previous week and from the prior 4-week average.
Increases were reported for Turkey (17,700 RB, including decreases of 600 RB), Vietnam
(8,000 RB, including 11,000 RB switched from China, 2,000 RB switched from South Korea,
300 RB switched from Japan, and decreases of 13,800 RB), Egypt (6,500 RB, including
decreases of 100 RB), Taiwan (4,400 RB, including decreases of 200 RB), and India (2,000 RB,
including decreases of 200 RB).
Reductions were reported for China (8,100 RB), Thailand (7,200 RB), and Mexico (4,200 RB).
For 2018/2019, net sales of 268,200 RB reported for Indonesia (67,300 RB), South Korea
(59,100 RB), Mexico (43,900 RB), and Vietnam (40,700 RB), were partially offset by reductions
for Japan (900 RB). Exports of 411,600 RB were up 12 percent from the previous week, but
down 4 percent from the prior 4-week average. The primary destinations were Turkey
(69,900 RB), Vietnam (66,600 RB), Indonesia (66,500 RB), Bangladesh (45,200 RB), and China
(31,400 RB).
Net sales of Pima totaling 1,000 RB for 2017/2018 were down 55 percent from the previous
week and 82 percent from the prior 4-week average. Increases were reported for Vietnam
(2,600 RB), Turkey (2,500 RB), and Thailand (1,700 RB). Reductions were for China (6,100
RB). For 2018/2019, net sales reductions of 33,400 RB resulted as increases for China (11,100
RB), Pakistan (3,000 RB), and India (2,600 RB), were more than offset by reductions for South
Korea (50,200 RB). Exports of 12,100 RB were down 5 percent from the previous week, but up
28 percent from the prior 4-week average. The primary destinations were China (3,500 RB),
India (2,400 RB), and Vietnam (2,200 RB).
Optional Origin Sales: For 2017/2018, options were exercised to export 600 RB to Indonesia
from the United States. The current optional origin outstanding balance is 7,800 RB, all
Indonesia.
Exports for Own Account: The current outstanding balance of 13,000 RB is for Vietnam (6,300
RB), China (6,200 RB), and Bangladesh (500 RB).