Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Cotton Advances to Three-Week High; Orange Juice Declines.


Date: 28-03-2012
Subject: Cotton Advances to Three-Week High; Orange Juice Declines
Cotton rose to a three-week high on speculation that demand will climb for exports from the U.S., the world’s top shipper, as India maintains a partial ban on sales. Orange juice slid.

India, the second-biggest grower, halted exports of the fiber this month to secure domestic supplies. While the measure was partially lifted, registration for additional cargoes won’t be allowed until further notice. In the week ended March 15, U.S. shipments were 297,122 running bales, led by purchases from China, the top user. That was “well above” the pace needed to reach the government’s export projection of 11 million bales for the season ending July 31, INTL FCStone Inc. said on March 22.

“Good U.S. cotton sales are the main supportive factor in the market,” analysts at Rabobank International, including Luke Chandler, said in a report. This is “likely a result of buyers switching from India supplies after the export ban,” according to the bank.

Cotton for May delivery climbed 1.8 percent to settle at 92.59 cents a pound at 2:41 p.m. on ICE Futures U.S. in New York. Earlier, the price reached 93.18 cents, the highest for a most-active contract since March 6. This quarter, the price has climbed 0.9 percent, heading for the first gain in a year.

Global inventories as of July 31, 2013, will climb 11 percent from a year earlier, the International Cotton Advisory Committee said on March 1. The surplus is equivalent to 60 percent of global mill use, the largest stocks-to-use ratio since the late 1990s, the Washington-based group said.

Increasing stockpiles and “slowing Chinese buying and sluggish demand in the second quarter are expected to weigh on markets,” Rabobank said. A probable rebound in U.S. output, which slumped last year after the worst drought in at least a century in Texas, the top producing state, is also “bearish” for prices, the bank said.

A running bale weighs 500 pounds, or 227 kilograms. The projection of 11 million is in statistical bales, which weigh 480 pounds each.

Orange-juice futures for May delivery declined 0.6 percent to $1.672 a pound.

Source : bloomberg.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 06-06-2025
Notification No. 13/2025-Customs (ADD)
Seeks to impose Anti Dumping Duty on imports of ‘Insoluble Sulphur’ originating in or exported from China PR and Japan.

Date: 30-05-2025
Notification No. 31/2025-Customs
Seeks to i. extend the specified condition of exemption to imports of Yellow Peas (HS 0713 10 10) to bill of lading issued on or before 31.03.2026; ii. to reduce the basic custom duty on crude soya bean oil (HS Code 15071000), crude sunflower oil (HS Code 15121110), and crude palm oil (HS Code 15111000) from 20% to 10%

Date: 30-05-2025
Notification No. 38/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 26-05-2025
NOTIFICATION No. 37/2025-Customs (N.T.)
Notification of ICD Jalna, Maharashtra u/s. 7(1)(aa) of Customs Act, 1962" and it was issued under Section 7(1)(aa) of Customs Act, 1962

Date: 23-05-2025
Notification No. 30/2025-Customs
Seeks to amend notification No. 55/2022-Customs dated 31.10.2022 to remove the condition required for availing exemption on Bangalore Rose Onion.

Date: 23-05-2025
NOTIFICATION No. 36/2025 - Customs (N.T.)
Amendment in the Notification No. 63-1994-Customs (N.T) dated 21.11.1994 in respect of Land Customs Station, Raxaul

Date: 15-05-2025
Notification No. 34/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 09-05-2025
Notification No. 29/2025-Customs
Seeks to exempt works of art and antiques from Basic Customs Duty

Date: 30-04-2025
Notification No. 02/2025-Customs (CVD)
Seeks to amend Notification No. 05/2024-Customs (CVD) dated the 11th September, 2024 so as to align with changes made vide Finance Act, 2025

Date: 30-04-2025
Notification No. 26/2025-Customs
Seeks to rescind Notification No. 04/2025-Customs dated the 1st February, 2025



Exim Guru Copyright © 1999-2025 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.

EximGuru.com

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