India’s largest cotton trader to stop sales to China as a precaution against Coronavirus

Kotak Commodity Services, one of India’s top cotton exporters, will stop selling new cargoes to China on concern the spread of coronavirus may force the top buyer of the fiber to close ports and banks, reports Financial Express. The Mumbai-based company will look for new buyers of cotton in countries such as Bangladesh, Indonesia, Taiwan […]

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India’s cotton production may reach 29.3 million bales in 2019-20: USDA report

The United States Department of Agriculture’s (USDA) Foreign Agriculture Service (FAS) estimates India’s cotton production for marketing year (MY) 2019/20 at 29.3 million 480 lb. bales (37.5 million 170- kilogram bales/6.4 MMT). Post’s marketing year (MY) 2019/20 production estimate is 200,000 480 lb. bales lower than the official USDA estimate. The Cotton Advisory Board (CAB) […]

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USDA raises Indian cotton exports to 4 million bales for Marketing Year 2019/20

The latest data compiled by United States Department of Agriculture (USDA) estimates India’s Marketing Year (MY) 2019/20 cotton exports at 4 million 480-lb bales. This translates into 5.1 million 170-kilogram bales of cotton or 870,000 tonnes. As prospects for global supplies outweigh the global demand, Indian cotton ex-gin prices are marginally higher than the Cotlook […]

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