Indian cotton yarn margins may shrink 100-150 bps FY20: CRISIL

The operating margins of Indian cotton yarn spinners may shrink by 100-150 basis points (bps) in fiscal 2019-20 owing to lower cotton output, rising cotton prices and moderating demand, reversing the recovery seen the previous fiscal, according to rating agency CRISIL. That, however, is unlikely to materially affect the credit profiles of spinners, it said. […]

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India’s cotton imports may rise 80% this year; China to sell 800,000 tonnes of cotton from state reserves

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India’s cotton imports are likely to rise by 80 per cent this crop year (October 2018 to September 2019) to 2.7 million bales (one bale equals 170 kg) as compared to 1.5 million the previous year, according to latest data compiled by apex industry body, Cotton Association of India (CAI). “The major reason is unavailability […]

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Latest WASDE global agriculture output projections for April

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The latest World Agriculture Supply and Demand Estimate report from the U.S. Department of Agriculture (USDA) gave the following projections for various crops for 2018/19. World 2018/19 wheat supplies are raised 2.1 million tons due mainly to increased beginning stocks that largely reflect multi-year revisions for Iran. Global production and exports are each reduced fractionally, […]

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Global cotton consumption seen at record high in 2019/20 – ICAC

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While the global cotton industry continues to face a number of challenges — trade uncertainties, slowing economic growth and weakening demand — consumption is still expected to set an all-time high in 2019/20, reaching 27.3 million tonnes, the International Cotton Advisory Committee (ICAC) said. However, that record-breaking number still won’t be enough to keep global […]

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Global oilseed output seen lower; cotton output, ending stocks seen higher – USDA

The 2018/19 global oilseed outlook includes lower production, crush, and increased stocks compared to last month, the U.S. Department of Agriculture (USDA) said in its latest monthly report. Global oilseed production is down 0.2 million tons, with lower soybean production more than offsetting higher rapeseed and cottonseed, it said, adding that soybean production was reduced […]

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Global cotton consumption growth projected to slow to 0.04% in 2018/19

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Global cotton consumption is projected to post its third straight year of growth — but just barely, with an expected increase of only 0.04%, the International Cotton Advisory Committee (ICAC) said in its latest forecast. Many of the top consuming countries are undergoing a slowing in consumption growth, including: East Asia — 6%, down from […]

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