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Global Cotton Production Estimates Reduced by 1.6 Million Bales
Cotton prices corrected quite sharply in the last half of the week. From a technical point of view, the rally had been almost a perfect 50% correction of the collapse from the March highs to the low o...
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China to Put a Strain on Global Cotton Supply
World demand for imported cotton will jump by as much as 50 percent in the next decade as China's emerging middle class snaps up ever more of the fluffy fiber, Texas Tech University economists predict...
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Retail Trade Sales Show Increase of 2.5%
Retail trade sales at constant (2000) prices for February 2008 showed an increase of 2.5% compared with February 2007, after reporting a revised 0.7% growth for January 2008. Retail trade sales at con...
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Wholesale Trade Sales Increases by 5.7%
Wholesale trade sales, at constant (2000) prices, for the three months ending February 2008 increased by 5.7% compared with the three months ending February 2007. The corresponding growth in 2007 was...
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2’nd Consecutive Year of Slowdown Expected in World Trade
World trade growth slid to 5.5% last year from 8.5% in 2006 and may grow even more slowly in 2008 - at about 4.5% - as sharp economic deceleration in key developed countries is only partly offset by c...
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Bangladesh Eyes $25 Billion Textile Exports by 2013
Bangladesh expects to treble its textiles exports to $25 billion over the next five years at the expense of China and India, which have to cope with rising currencies, a top business leader said on We...
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Spandex Prices Again Falling In China
Spandex prices are further falling in China, mainly due to the weakness in demand from domestic and export markets. Operating rates are being lowered amid rising capacities. Raw material costs are als...
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U.S. Apparel Imports in January-February 2008
U.S. apparel imports were stronger in February, rising for the first time in four months in US$ terms, our statistical tables indicate. Imports from China declined in the first two months of the year,...
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Textile Fiber Consumption Continues to Expand in 2008-09
Preliminary data suggests that world textile fiber consumption increased by 4.8% to a record 67.7 million tons in 2007. World cotton consumption expanded by 3.8% to a record 26.9 million tons in 2007,...
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Cotton Receives Support from the Higher CRB Index
Not surprisingly, we had another quiet and lackluster session. NYF was generally holding firm supported by the overall commodities markets. Chicago grains traded higher overnight, which led to a frien...
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Cotton Market Generally Weak
The cotton market was generally weak and choppy in light volume, but received support from the Chicago market. The dollar index made a nice come back as it bounced from the intraday low at more than 3...
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China’s Mill Use Continues to Grow
World cotton exports are estimated at 38.9 million bales, up 4.5 % from the previous year. The bulk of the surge in world cotton exports comes from the US, Brazil, & India. The United States, the worl...
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US Textile Trade Rebound in January
January 2008 textile imports, at 1.5 billion (raw-fiber equivalent) pounds, were 7 percent above December but 6 percent below a year earlier. Imports of all major fibers and all major end-use categori...
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USDA to Release Cotton Production Estimates in May
The 2007/08 US cotton crop was raised this month to 19.4 million bales (Upland 18.55 million bales and ELS-850,000 bales), as indicated in the March 2008 Cotton Ginning report. USDA will release final...
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Cotton use Steadily Decline in Europe
World import demand for cotton has expanded by about 34 % over the past 6 years, primarily because of the growth in China, Pakistan, Bangladesh, and Turkey. In 2005/06, China unexpectedly imported a r...
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Textile & Apparel Imports Rise in 2007
U.S. net textile and apparel trade expanded slightly in calendar year 2007. Total fiber product imports were 19.7 billion raw-fiber-equivalent pounds, similar to 2006’s record. On the other hand, fibe...
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Southwest Upland Cotton Area Projected at 4.9 mn Acres
US cotton acreage in 2008 is projected to decline for the second consecutive year. Based on the US Department of Agriculture’s (USDA) Prospective Plantings report which surveyed farmers at the beginni...
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Cotton Seed Market is Warming Up
Lack of new sales mostly caused by the weakening dollar. There is not much activity lately on the Greek market. Ginners are very much influenced by the falling dollar and are asking for levels which s...
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Exports Earnings may Boost States’ Revenues
Focus product to a Focus Market’, should be the orientation of India’s trade policy, said Mr Kamal Nath, Minister for Commerce and Industry, Government of India. Indian exporters should look for new m...
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USA: Cotton output marks a record
Cotton USA releases US cotton supply & offtake. 2007-08 World mill use estimated at 124.9 million bales, up 490,000 bales from March, World production estimated at 119.7 million bales, up 840,000 bale...