Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Dealing room check: Cotton sees smart recovery.

Date: 14-11-2016
Subject: Dealing room check: Cotton sees smart recovery
MCX cotton futures witnessed a smart recovery last week, gaining by more than 5 per cent on account of renewed buying by millers. Average daily arrivals are much lower compared to the corresponding period last year due to late harvesting. Moreover, millers have increased their buying activities in order to pile up the superior quality of fibre, which fuelled the uptrend in cotton. The Cotton Association of India has forecast total production for year 2016-17 at 345 lakh bales of 170 kg each, compared to 337.75 lakh bales last year.

Despite the higher production outlook, overall cotton production for 2016-17 is likely to be much below the five-year average production of 371 lakh bales, prompting stockists to expand their buying activities. In the meanwhile, demonetisation of Rs. 500 and Rs. 1,000 notes by the government saw most of the market yards in Gujarat remain closed due to mounting payment issues. Furthermore, upward revision in Indian cotton export forecast made by USDA in its recent monthly supply and demand estimation report also bolstered prices.

The USDA raised its export forecast for India from 3.9 million bales to 4.2 million bales (53 lakh bales of 170 kg each) keeping production and consumption estimation at 27 million bales and 24 million bales of 480 pounds each, respectively. However, harvesting activities are likely to speed up in major cotton growing regions, which may restrict major gains in prices in the coming days.


In the week ahead, cotton prices are expected to correct initially and later resume the uptrend on renewed buying interest from millers.

Source : thehindubusinessline.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Exim Help

What is New?

Date: 21-10-2020
Notification No. 38/2020-Customs
Notification regarding exemption of duties of Customs against scrips issued under the RoSL scheme for apparel and made-ups sectors.

Date: 21-10-2020
Notification No. 07/2020 – Central Excise
Notification regarding exemption of duties of Central Excise against scrips issued under the RoSL scheme for apparel and made-ups sectors

Date: 20-10-2020
Notification No. 37/2020-Customs
Seeks to further amend notification no. 152/2009 dated 31.12.2009, regarding the rate of duty of customs on imports of "Polybutadiene Rubber" originating in Korea RP and imported under the India-Korea Comprehensive Economic Partnership Agreement.

Date: 15-10-2020
Notification No. 99/2020 - Customs (N.T.)
Exchange rate Notification No.99/2020-Cus (NT) dated 15.10.2020- regd.

Date: 13-10-2020
Trade Notice No. 30/2020-2021-DGFT
Electronic filing and Issuance of Preferential Certificate of Origin (CoO) for India’s Exports under GSP, GSTP, India-Malaysia CECA, India-Singapore CECA w.e.f. 15th October 2020

Date: 09-10-2020
Notification No. 39/2015-2020
Amendment in Export Policy of Onions

Date: 08-10-2020
Circular No. 44/2020-Customs
Procedure for inspection of ICDs/CFSs/AFSs -reg

Date: 08-10-2020
Notification No. 49/2020-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI

Date: 07-10-2020
Public Notice No.24 /2015-20
Revision of SION H-68, H-301 & H-302 of Export Products- Double Decorative/Single side Laminates with or without Barrier Paper

Date: 06-10-2020
Instruction No. 18/2020-Customs
Directorate General of Audit as a Nodal Directorate for Customs Post Clearance Audit –regarding

Exim Guru Copyright © 1999-2020 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.


C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001