News & Reports
Jernigan Global Weekly 16-Sep-2019
  • HIGHLIGHTS

    1. US/CHINA TRADE TALKS AGAIN ADVANCE - IS AN INTERIM TRADE DEAL POSSIBLE?

    2. BRAZIL FACES RECORD COTTON INVENTORIES AS SHIPMENTS LAG

    3. COTTON’S MARKET SHARE OF US APPAREL IMPORTS PLUNGES IN JULY

    4. USDA SHOCKS MARKET BY REVISING US 2017/2018 & 2018/2019 COTTON EXPORTS BY NEARLY A MILLION BALES

    5. AFRICAN FRANC ZONE CFR BASIS REMAINS AT RECORD PREMIUM TO US TYPE OFFERS
Rose On Cotton 15-Sep-2019
  • ICE COTTON SURGES, IGNORES BEARISH WASDE REPORT

    The ICE Dec contract surged for the week ending Friday, Sept 13 (casting off any negative superstitions, at least for the bulls), gaining 370 points to settle at 62.28. The Dec – Mar spread remains at less than full carry and strengthened to (50) on Friday.
Cotton Inc. Monthly Economic Letter September-2019
  • Cotton Market Fundamentals & Price Outlook

    RECENT PRICE MOVEMENT

    After falling in July, benchmark prices were stable in August and the first half of September.

    • The NY December contract has held to levels near 58 cents/lb since mid-August.

    • The A Index was steady near 70 cents/lb.

    • In international terms, the China Cotton Index (CC Index 3128B) decreased from 88 to 83 cents/lb between early August and the present. Over the same period, the RMB eased 0.9% against the USD (from 7.05 to 7.12 RMB/USD).
Gujcot Weekly Report
  • Market Movement from 09th Sep 2019 to 14th Sep 2019

    • NY future gained 370 points during this week, green week after long time. Market was bottomed out and fresh selling was limited. Market ignored bearish export sales data and WASDE report on positive news of US postponement of US tariff on Chinese goods, which was to be implemented from 1st October and China also responding positively.
PCCA Cotton Market Weekly
  • September 13, 2019

    COTTON PRICES RALLY ON TRADE AND OTHER NEWS

    • Will China Start Buying U.S. Cotton?
    • WASDE Boosts Cotton Market
    • Adjusted World Price Rises
    • Weekly Export Sales Slip
Plexus Market Comments 12 Sep
  • So where do we go from here?

    Last week we felt that a breakout to the upside was more likely if spec shorts could somehow get triggered into covering. Positive vibes from the trade front combined with technical strength did the trick today and sparked massive spec buying, most of which was short-covering.
World Cotton Markets and Trade
  • U.S. Market Share in China Down Sharply in 2018/19

    The U.S. share of China cotton imports fell to 18 percent in 2018/19, down sharply from 45 percent in 2017/18, and was well below the 30 percent share seen over the previous 5 years. This was also the lowest market share since China reformed its cotton sector in 1999. U.S. cotton faced two challenges in China in 2018/19; first, the additional tariffs being placed on certain imports of U.S. cotton; and second, the arrival on the world market of two consecutive record Brazilian crops.
U.S. EXPORT SALES
  • For Week Ending 05-09-2019

    2019-2020
    Net Upland Sales 74,700
    Upland Shipments 1,66,900
    Net Pima Sales 3,800
    Pima Shipments 4,600
    TOTAL SALES 78,500

    2020-2021
    Net Upland Sales 500
    Net Pima Sales 0
    TOTAL 500
Cotton Inc. Executive-Cotton-Update Sep 2019
  • U. S. Macroeconomic Indicators & the Cotton Supply Chain

    September 2019

    Macroeconomic Overview: Concern about slowing economic conditions has resurfaced. Indices of manufacturing activity, which can serve as leading indicators for overall economic activity, signaled contraction for the U.S., the U.K., Germany, South Korea, and Japan last month. It was the first time since 2016 that U.S. manufacturing activity shrank.
Cleveland On Cotton 06-Sep-2019
  • Prepare To Market Out Of The CCC Loan

    The cotton roller coaster continues. The market was a down all week, corrected and moved high on Thursday, then gave up most of those gains and finally finished the week near the midpoint of the trading range…just about where the week’s trading began.
ICAC - Executive Summary
  • Highlights from the September 2019 Cotton This Month include:

    • Global production is expected to increase 5% to 26.9 million tonnes
    • Global consumption is projected to increase 1% to 26.9 million tonnes
    • The excess production will cause global stocks to swell to 18.3 million tonnes
    • Prices will be under increasing pressure as a result of the growing supply
Monthly Rate Movement Report – Aug 2019
  • Monthly Rate Movement Report – Aug 2019

    • Daily Physical Spot Rate
    • MCX Cotton Daily Closing Rate
    • USD-INR Exchange Rate Closing
    • Cotlook Index
    • ICE Future Closing
    • NCDEX Kapas Rate
    • MCX Future Closing
    • NCDEX and MCX converted into Rs. Candy Rate
US Export Sales Summary
  • 01-Aug-2019 To 22-Aug-2019

    2019-2020

    COMMITMENTS
    PIMA 1,53,645
    UPLAND 80,84,753
    TOTAL 82,38,398

    SHIPMENTS
    PIMA 29,297
    UPLAND 8,61,924
    TOTAL 8,91,221

    2020-2021 SALES

    UPLAND 4,63,124
INDIA Cotton and Products Update
  • Highlights

    Post estimates marketing year (MY) 2019/20 cotton production at 29 million 480 lb. bales (37.1 million 170-kilogram bales/6.3 MMT) with a planting area of 12.7 million hectares. MY 2019/20 mill consumption remains weak as mills accumulate greater cotton yarn stocks due to poor demand. Export prospects have diminished while imports are expected to remain stable as they are price competitive against domestic supplies.
Shurley on Cotton 28-Aug-2019
  • Don’t Bury Your Heads in the Sand

    The uncertainties of the US-China trade situation continue to weigh heavily on the cotton market. This continues to sometimes be a tug-of-war between rumor and fact. The market may react positively to rumor or any hint of good news then retreat for lack of follow-through facts or due to subsequent conflicting news.
Thompson On Cotton 27-Aug-2019
  • Tuning Out Gnats And Trade Rhetoric – Hard To Do

    Those of you from my neck of the woods in lower Alabama, can certainly attest to the peskiness of gnats on a hot summer day. For those unfamiliar with such a worthless insect, let me fill you in. Gnats are small flying insects that serve no purpose on this earth but to pester the living daylights out of you by constantly buzzing around every orifice of your face.
USDA - Cotton and Wool Outlook
  • Cotton and Wool Outlook

    U.S. Cotton Product Trade Increasing in 2019

    The latest U.S. Department of Agriculture (USDA) estimates indicate that total U.S. cotton textile and apparel trade rose during the first half of 2019, compared with the corresponding 2018 period. U.S. cotton product imports totaled the equivalent of 9.0 million 480-pound bales of raw cotton during January-June 2019—compared with 8.8 million bales for the first 6 months of 2018—while cotton product exports declined slightly to 1.7 million bale-equivalents.
India's Cotton Textiles Export Update for FY (April – June) 2019-20
  • India’s Cotton Textiles Exports

    Cotton Textile exports reached a level of USD 739.17 million in June 2019 marking a decline of (-) 30.4 per cent against the corresponding month of June 2018, wherein exports were valued at USD 1,061.96 million.

    In rupee terms, exports during the month of June 2019 reached a level of Rs. 5,132.72 cr. as against Rs. 7,199.39 Cr. in June 2018 marking a decline of (-) 28.7 per cent in rupee terms.
USA - Cotton Prices Point to More Corn for 2020
  • It doesn’t seem that long ago Hurricane Harvey hit Texas in August, followed by Hurricane Irma in September. That was in 2017, and in both cases cotton production was lost. In some cases, even bales already harvested were ruined in the storms.
USDA -World Markets and Trade
  • China cotton imports in 2019/20 are expected to surpass the previous year’s robust level, reinforcing its position
    as the world’s largest importer. The current 2018/19 estimate, boosted this month, is expected to be the largest in 5 years as China supplements domestic supplies amid ongoing auctions of State Reserve stocks. Despite this strong upward trend in imports, U.S. exports to China have weakened as Brazil, Australia, and other countries have expanded both exports and market share.
ICAC - Cotton This Month
  • Looking Beyond the Uncertainties of Trade Tensions  

    The trade dispute between the United States and China has impacted cotton demand and supply chains over the course of the past year. On 1 June 2019, China is set to increase tariffs on $60 billion of US goods in retaliation to the US tariff increase on the remaining $200 billion worth of Chinese imports.
US Cumulative Cotton Export Sales - Countrywise
  • US Cumulative Cotton Export Sales

    01-August-2018 To 16-May-2019

    PIMA 7,07,319
    UPLAND 1,46,22,154
    TOTAL 1,53,29,473
Indian Raw Cotton Export-Import 2018-19
  • INDIAN COTTON EXPORT
    Including Cotton Waste

    Oct-2018 to Mar-2019
    6,63,386 Tones
    39,02,271 Bales of 170 Kg

    INDIAN COTTON IMPORT
    Including Cotton Waste

    Oct-2018 to Mar-2019
    1,01,072 Tones
    5,94,541 Bales of 170 Kg

USDA Prospective Plantings
  • USDA Planting Intention

    US All cotton planted area for 2019 is estimated at 13.8 million acres, 2 percent below last year.

    Upland area is estimated at 13.5 million acres, down 2 percent from 2018.

    American Pima area is estimated at 255,000 acres, up 2 percent from 2018.
GUJCOT CROP SURVEY REPORT 2018-19
  • Saurashtra
    Area in Hectare = 19,29,800
    Yield Kg/ha = 447.88
    Crop in 170 Kgs Bales = 50,84,224

    North Gujarat
    Area in Hectare = 3,76,800
    Yield Kg/ha = 575.84
    Crop in 170 Kgs Bales = 12,76,340

    Main Line
    Area in Hectare = 3,49,200
    Yield Kg/ha = 749.92
    Crop in 170 Kgs Bales = 15,40,429

    Kutch
    Area in Hectare = 56,300
    Yield Kg/ha = 825.00
    Crop in 170 Kgs Bales = 2,73,221
Brazil: More cotton acreage is being planted
  • Shifting Corn Acres to Cotton

    While corn remains the major safrinha crop for Brazilian farmers, more cotton acreage is being planted in Mato Grosso this spring, as well.

    Over the past two years, cotton planting has increased by nearly one-third for the safrinha in Mato Grosso. The Brazilian Association of Cotton Producers(Abrapa) forecast cotton acreage to grow to 1.4 million hectares (3.46 million acres). Mato Grosso accounts for about 88% of Brazil’s cotton production.
Gujarat Cotton Sowing Final Report
  • 08 October 2018

    Gujarat Area under Cotton Sowing reached 27,12,100 Hectares.

    Saurashtra 19,29,800 Hectares.
    North Gujarat 2,73,500 Hectares.
    Middle Gujarat 3,07,500 Hectares.
    South Gujarat 1,44,900 Hectares.
    Kutch 56,300 Hectares.
All India Cotton Sowing Till 19-Sept
  • All India Cotton sowing area reached 1,20,64,100 Hectares against 1,21,71,900 hectares same period last year.

    North India 14,45,100
    Central India 75,28,900
    South India 29,15,000
Minimum Support Price
  • Government of India raised Minimum Support Price of Kapas.

    Medium Staple 4,900 to 5,000
    Medium Long Staple 5,150 to 5,300
    Long Staple 5,350 to 5,450
    Extra Long Staple 5,650 to 6,650
Historical Revisions to Indian's Cotton Balance Sheet - USDA
  • Historical Revisions to Indian's Cotton Balance Sheet - USDA

    Historical revisions have been made to India’s balance sheet for the years 2002/03 through 2013/14, with the stock adjustment carried forward. The revisions are based on the conclusion that market yard arrivals data underreported arrivals in the early portion of the harvest season. This conclusion was based on observed market activity in November for several years.
CCI - Online Kapas Sale Procedure
  • Online Kapas Sale Procedure
    With regard to online Kapas sale, following modus operandi may be followed:
    1. Online Kapas sale can be undertaken broadly on the same lines as per the online cotton seed sale system followed by the Corporation at present, i.e. kapas may be sold online on per qtl. basis to the registered buyers.
    2. For registration, the buyer has to pay refundable security deposit of Rs 5 lacs and shall have to obtain digital signature for participation in e-auction. ......
China Cotton Auction FINAL
  • 12-March-2018 To 30-Sept-2018

    METRIC TONNES
    Reserve Stock End Of 2017 5,256,286
    Cumulative Sales 2,510,279
    Remaining Stock 2,746,007

    BALES
    Reserve Stock End Of 2017 24,142,123
    Cumulative Sales 11,529,712
    Remaining Stock 2,612,411
GST Refund Notification
  • GST Refund of unutilised input credit

    As per notification issued yesterday, Refund will be granted of unutilised GST credit on raw materials purchased after 1st August, 2018.