Cotton News

Cotton industry gives forward contracts a miss

admin — Wed, 24 Aug 2011 21:24:11 +0000

The crop is in flowering and ball-formation stages with early harvests to begin from September in Punjab.

The National Hurricane Center says much of the East Coast is at risk from Hurricane Irene with the potential Cat-4 storm’s 5-day track centered on the Carolinas. The damage in the Caribbean is extensive, although this year’s coffee and sugar crops were largely harvested already. In the U.S., cotton crops in Georgia and South Carolina could be damaged.

admin — Tue, 23 Aug 2011 16:40:21 +0000

The National Hurricane Center says much of the East Coast is at risk from Hurricane Irene with the potential Cat-4 storm’s 5-day track centered on the Carolinas. The damage in the Caribbean is extensive, although this year’s coffee and sugar crops were largely harvested already. In the U.S., cotton crops in Georgia and South Carolina More >

Recession aftereffect: Cotton won’t be the white gold this year, says ICAC

admin — Mon, 22 Aug 2011 19:01:07 +0000

International cotton prices would average 70 cents/lb or below our minimum support price this year, says inter-governmental monitoring body ICAC.

Shares of Under Armour ([[UA]] +6.6%) jump after catching an upgrade from Capstone and a Buy initiation from Canaccord on the strength of its cotton apparel products. Also gaining are Dick’s Sporting Good ([[DKS]] +4.9%), Foot Locker ([[FL]] +2.1%) and Nike ([[NKE]] +1.7%), retailers where UA plans to launch a store-within-a-store strategy.

admin — Mon, 22 Aug 2011 15:10:58 +0000

Shares of Under Armour (UA +6.6%) jump after catching an upgrade from Capstone and a Buy initiation from Canaccord on the strength of its cotton apparel products. Also gaining are Dick’s Sporting Good (DKS +4.9%), Foot Locker (FL +2.1%) and Nike (NKE +1.7%), retailers where UA plans to launch a store-within-a-store strategy. Post your More >

Cottonsoft hits back at ‘outrageous’ toilet paper claims

admin — Mon, 22 Aug 2011 07:38:57 +0000

Toilet paper maker Cottonsoft has slammed as “wrong and outrageous” claims that its paper comes from felling Indonesian rainforests, home to critically endangered Sumatran tigers.Greenpeace, the Green Party and World Wildlife Fund…

Cotton’s loss is Soyabean’s gain

admin — Wed, 03 Aug 2011 19:55:18 +0000

Delayed rainfall and a drop in cotton prices have ensured that cotton has not eaten into the soyabean acreage as expected before the beginning of the kharif season.

Review cap on cotton exports: Badal writes to PM

admin — Wed, 27 Jul 2011 08:27:56 +0000

Punjab CM Parkash Singh Badal today sought the personal intervention of PM Manmohan Singh for lifting the cap on cotton exports.

DEPB scheme comes to cotton exporters’ rescue

admin — Tue, 26 Jul 2011 21:19:59 +0000

The govt will restore the benefit with retrospective effect on the ground that it was no longer its policy to disincentivise exports of commodity.

DEPB benefits restored for cotton and cotton yarn exporters

admin — Tue, 26 Jul 2011 15:46:59 +0000

Cotton yarn exporters will get the benefit from April 1 2011 while cotton exporters can claim DEPB from October 1 2010.

Cotton’s volatile run set to continue

admin — Mon, 25 Jul 2011 09:00:10 +0000

The free fall in cotton prices doesn’t have much further to go and a drought in Texas could reverse the trend