Global Cotton Roundup – July 2

Here’s a look at some of the top stories impacting the global cotton market this week.

 

ICAC Cuts Cotton Price Forecast

Despite optimism regarding Chinese imports, the International Cotton Advisory Committee cut its forecast for cotton prices for a second consecutive month, citing raised expectations for world inventories. The organization dropped its forecast for the Cotlook A index by five cents to 82 cents a pound.

 

China Estimated to Hold 60 Percent of World Cotton Stocks

At the end of June, China is estimated to hold approximately 11.7 million tons of cotton in reserve – nearly 60 percent of the world’s cotton stocks. However, while consumption in China is expected to grow during next season, a strong preference exists for high quality cotton, making it unlikely that the government will be able to quickly draw down its reserve without offering significant discounts.

 

Better Cotton Initiative Expands Work in Turkey

The Better Cotton Initiative (BCI) has entered an agreement with Good Cotton Practices Association (IPUD) to implement the Better Cotton standard in the Turkish cotton industry. IPUD will manage the Better Cotton activities in Turkey with administrative support from the BCI. The non-profit organization collaborates with stakeholder organizations to define better and more sustainable ways of growing cotton.

 

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International Stories
International

Turkish Cotton Association Joins ICA

December 2, 2014

Turkey’s Good Cotton Practices Association (IPUD) has joined the International Cotton Association.

International

Port Problems Choking U.S. Cotton Exports

December 9, 2014

Congestion and labor issues at major West Coast ports are threatening the timely delivery of U.S. cotton to China ahead of a key deadline for imports to arrive.

International

Foreign Governments Work to Stem Falling Cotton Prices

November 18, 2014

According to the Business Standard, government officials in India, China and Pakistan are working to put programs in place to protect their countries’ growers in the face of falling cotton prices.

International

Jordan Lea Elected ICA President

October 16, 2014

Jordan Lea, chairman of Eastern Trading Company in Greenville, SC, has been elected 2014/15 president of the International Cotton Association.

International

Plexus: Market Still Has More Questions than Answers

October 3, 2014

Recent news from China has left the market cautiously bearish, mindful of the fact that there is still a lot of harvest time weather to negotiate.

International

ICAC – Lower World Cotton Prices to Persist in 2014/15

October 3, 2014

Noting the predicted 1.8 million tons of surplus cotton production and changes in China's cotton policy, a recent report from International Cotton Advisory Committee says prices are unlikely to rise to the levels of the last two seasons.

International

New Global Cotton Futures Contract Coming Early 2015

October 2, 2014

After a few regulatory delays, IntercontinentalExchange plans to launch its postponed global cotton futures contract early next year.

Around The Gin
Product News

Deltapine to Release Five Bollgard II XtendFlex Cotton Varieties

January 27, 2015

Following USDA deregulation of the Bollgard II XtendFlex cotton technology, Deltapine has announced plans to offer five new B2XF varieties for the 2015 season.

Product News

Bollgard II XtendFlex Cotton Poised for Limited Introduction

January 21, 2015

A limited introduction of Bollgard II XtendFlex cotton varieties is planned for the 2015 planting season through Deltapine and select licensees.

Product News

USDA Deregulates Dicamba-Tolerant Technologies for Cotton and Soybeans

January 16, 2015

The USDA has announced its decision to deregulate Bollgard II XtendFlex cotton and Roundup Ready 2 Xtend soybeans – Monsanto’s dicamba-tolerant trait technologies for those crops.

Product News

Bayer CropScience Anticipates Registration for New Cotton and Peanut Insecticide

January 15, 2015

Bayer CropScience anticipates the registration of Velum Total, the company’s newest insecticide/nematicide, for the 2015 cotton and peanut season in the Southeast.

Product News

New FiberMax and Stoneville Varieties for 2015 Feature GLT Technology

January 14, 2015

Bayer CropScience has announced four new FiberMax and Stoneville cotton varieties for the 2015 season.

Product News

PhytoGen Introduces 2015 Cotton Varieties

January 13, 2015

PhytoGen’s cottonseed portfolio for 2015 includes proven high yielding varieties, as well as new varieties featuring advanced insect, nematode and disease technologies.

Product News

Monsanto and FMC Renew and Broaden Crop Protection Agreement

January 8, 2015

Monsanto and FMC have agreed to extend and broaden their current relationship to help benefit cotton, corn and soybean growers through Roundup Ready PLUS Crop Management Solutions.

Product News

Deltapine Announces Class of 15 Cotton Varieties

December 16, 2014

Deltapine has announced two new high-yielding cotton varieties for its Class of 15, with several potential varieties awaiting regulatory approvals of the Bollgard II XtendFlex technologies.

Latest News
International

Port Problems Choking U.S. Cotton Exports

December 9, 2014

Congestion and labor issues at major West Coast ports are threatening the timely delivery of U.S. cotton to China ahead of a key deadline for imports to arrive.

International

Turkish Cotton Association Joins ICA

December 2, 2014

Turkey’s Good Cotton Practices Association (IPUD) has joined the International Cotton Association.

International

ICAC Unveils World Cotton Calendar

November 24, 2014

The International Cotton Advisory Committee has introduced the World Cotton Calendar, containing data on all aspects of cotton production field operations from 37 countries.

International

Foreign Governments Work to Stem Falling Cotton Prices

November 18, 2014

According to the Business Standard, government officials in India, China and Pakistan are working to put programs in place to protect their countries’ growers in the face of falling cotton prices.

International

Regulatory Logistics Delaying Launch of World Cotton Contract

November 14, 2014

Launch of the new World Cotton Contract has been postponed to early 2015 as ICE continues to sort through regulatory issues in Malaysia.

International

Jordan Lea Elected ICA President

October 16, 2014

Jordan Lea, chairman of Eastern Trading Company in Greenville, SC, has been elected 2014/15 president of the International Cotton Association.

International

Plexus: Market Still Has More Questions than Answers

October 3, 2014

Recent news from China has left the market cautiously bearish, mindful of the fact that there is still a lot of harvest time weather to negotiate.

International

ICAC – Lower World Cotton Prices to Persist in 2014/15

October 3, 2014

Noting the predicted 1.8 million tons of surplus cotton production and changes in China's cotton policy, a recent report from International Cotton Advisory Committee says prices are unlikely to rise to the levels of the last two seasons.

International

New Global Cotton Futures Contract Coming Early 2015

October 2, 2014

After a few regulatory delays, IntercontinentalExchange plans to launch its postponed global cotton futures contract early next year.

International

Nicosia Predicts Cotton to Rally Near $1 Over Next Decade

October 1, 2014

Cotton growers may not be happy with current world prices. But patience may pay off over the next decade, predicted industry expert Joe Nicosia of Louis Dreyfus Commodites.

International

Agreement Ends U.S.- Brazil WTO Cotton Dispute

October 1, 2014

The National Cotton Council expressed appreciation for the U.S. government’s successful efforts to conclude the U.S.-Brazil trade dispute in the World Trade Organization through negotiation, thereby avoiding trade retaliation.

International

China Announces Cuts to Cotton Import Quotas

September 22, 2014

In a move that could add more pressure to global cotton prices, China has announced that it will cut 2015 cotton import quotas to the minimum 894,000 tons required under its commitments to the World Trade Organization.

International

Brazil Cotton Production and Exports Below Forecast Targets

September 18, 2014

Low prices and larger-than-anticipated production cuts will leave Brazil’s cotton export numbers well below forecast, and could dash the country’s status as the world’s third largest cotton shipper.

International

Twenty-One Students Graduate from Texas International Cotton School

August 22, 2014

Twenty-one students from the United States and six other countries graduated from the Texas International Cotton School, held August 4-15 at Texas Tech University.

International

U.S. Production, Exports and Ending Stocks Increase in Past Month, Says USDA

August 12, 2014

USDA’s World Agricultural Supply and Demand Estimates for August show forecasted increases in production, exports and ending stocks for U.S. cotton.