Global cotton prices seen under pressure in near future on rising stocks, continuing economic uncertainty

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Global cotton prices are expected to remain under pressure with rising stocks and continuing economic uncertainty as recovery is seen to be inconsistent due to countries’ varying abilities to deal with the pandemic, the International Cotton Advisory Committee (ICAC) said in its latest monthly report. It said that worldwide cotton production is expected to decline […]

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COVID-19 pandemic expected to weigh on global cotton prices into 2020/21 season – ICAC

Even plummeting prices aren’t enough to offset COVID-19’s impact on global cotton consumption — but the situation could improve quickly, assuming the world gets the pandemic under control, the International Cotton Advisory Committee (ICAC) said in a report. The price projection for the year-end 2020/21 average of the A Index is 62.8 cents per pound […]

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Cotton prices softer, but Indian garment makers’ revenues to decline by 25-30% this fiscal

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Despite softer cotton prices, revenues of Indian garment makers are set to decline by 25%-30% this fiscal year due to covid’s impact on demand, according to rating agency CRISIL. The impact will be felt more by garment exporters due to stretched receivables and tepid discretionary spending in the US and the European Union, according to an […]

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ICAC revises downwards world’s cotton ending stocks estimate for coming season

The International Cotton Advisory Committee (ICAC) has revised downwards the world’s ending stocks of the natural fibre marginally to 23.19 million metric tons for the season beginning August, down by 0.85 million metric tons from the previous estimate. However, year-on-year cotton stocks are still set to grow by 4%, which shows that the pressure on […]

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After West Bengal’s restrictions on imports from Bangladesh, Dhaka retaliates by stopping Indian trucks

As a retaliation against tighter scrutiny of Chinese goods by Indian Customs, Bangladesh has started hitting back against Indian supplies through the Petrapole border in West Bengal since Wednesday. The move is purportedly in response to a decision by the West Bengal authorities to retain restrictions on imports from Bangladesh via Petrapole to contain the […]

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