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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

Global Cotton Contract All Hope, No Action?

April 10, 2017

The ICE Global Cotton Futures Contract is fighting for market traction, with no significant trading volume since June 2016.

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Register Now for ACSA International Cotton Institute

April 12, 2017

This summer, some of cotton’s young minds will gather to learn business details at the ACSA International Cotton Institute.

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Cotton Industry Veterans Launch New Commodities Firm

April 11, 2017

Three veteran analysts and traders have combined their collective 60+ years of cotton industry experience to form the Rose Commodity Group.

International

Indian Cotton Consumption to Increase Slightly

February 22, 2017

The Cotton Association of India now expects domestic consumption and imports of cotton to be higher than originally estimated.

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Innovations in Nonwovens Focus of International Conference

February 22, 2017

The Technical Association of Pulp and Paper Industry will hold its Innovative Nonwovens Conference (NETInc) April 23-26 in Minneapolis, MN.

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Indian Cotton Crop Estimated at 34.1 Million Bales

January 24, 2017

India is estimated to produce 34.1 million cotton bales during the season ending September 2017.

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Steady Rise in Indian Cotton Prices

January 23, 2017

While global cotton production is increasing, the cotton situation in India is getting serious attention due to a steady rise in prices.

Around The Gin
Product News

UPI Adds New Herbicide Products

April 14, 2017

UPI has added two new herbicides to its portfolio of high quality crop protection products for the U.S.

Product News

FiberMax One Ton Club Membership Tops 1,000

April 14, 2017

A record number of growers qualified for the FiberMax One Ton Club in 2016 with four-bale and higher yields with FiberMax varieties.

Product News

Deltapine NPE Program Kicks off Tenth Year

April 10, 2017

Nearly 200 growers will participate in the tenth season of the Deltapine New Product Evaluator (NPE) Program.

Product News

BASF Expands Dicamba Manufacturing Facility

March 22, 2017

BASF has completed a $270 million expansion of its Beaumont, TX, facility – the largest agricultural products facility investment in company history.

Product News

Topguard Terra Label Amendments for Cotton Root Rot in Texas

March 7, 2017

Texas growers now have additional preplant and post planting options for using Topguard Terra to control cotton root rot.

Product News

Advanced Traits from PhytoGen Protect Yield and Quality

March 6, 2017

PhytoGen varieties offer more and better in-plant, native trait protection to help cotton thrive, protect quality and optimize yields.

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Six Greenleaf Nozzles Approved for Use with XtendiMax

February 24, 2017

Six TurboDrop D Series nozzles from Greenleaf Technologies have been approved for use with Monsanto’s XtendiMax herbicide with VaporGrip Technology.

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EPA Approves DuPont’s FeXapan Dicamba Herbicide

February 17, 2017

DuPont has received EPA registration for FeXapan herbicide plus VaporGrip Technology, a low-volatility dicamba formulation for use on cotton and soybean varieties carrying traits that provide tolerance to dicamba and glyphosate herbicides.

Latest News
International

Register Now for ACSA International Cotton Institute

April 12, 2017

This summer, some of cotton’s young minds will gather to learn business details at the ACSA International Cotton Institute.

International

Cotton Industry Veterans Launch New Commodities Firm

April 11, 2017

Three veteran analysts and traders have combined their collective 60+ years of cotton industry experience to form the Rose Commodity Group.

International

Global Cotton Contract All Hope, No Action?

April 10, 2017

The ICE Global Cotton Futures Contract is fighting for market traction, with no significant trading volume since June 2016.

International

Indian Cotton Situation Currently Stable

March 17, 2017

The cotton situation in India from both producers’ and users’ points of view seems to be stable.

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Enrollment Open for Texas International Cotton School

February 28, 2017

Registration is open for the 37th session of the Texas International Cotton School, scheduled for August 7-17 in Lubbock.

International

Indian Cotton Consumption to Increase Slightly

February 22, 2017

The Cotton Association of India now expects domestic consumption and imports of cotton to be higher than originally estimated.

International

Innovations in Nonwovens Focus of International Conference

February 22, 2017

The Technical Association of Pulp and Paper Industry will hold its Innovative Nonwovens Conference (NETInc) April 23-26 in Minneapolis, MN.

International

Indian Cotton Crop Estimated at 34.1 Million Bales

January 24, 2017

India is estimated to produce 34.1 million cotton bales during the season ending September 2017.

International

Steady Rise in Indian Cotton Prices

January 23, 2017

While global cotton production is increasing, the cotton situation in India is getting serious attention due to a steady rise in prices.

International

Indian Cotton Association Opposes Stockpiling Program

October 27, 2016

The Cotton Association of India is opposing the creation of a cotton stockpiling program for the country.

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India: Higher Production on Less Acreage as New Season Begins

October 25, 2016

India’s Cotton Advisory Board is estimating 35.1 million bales of cotton production in the country during the new growing season that began October 1.

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Reinhart Named New ICA President

October 25, 2016

The International Cotton Association named its 2016-17 leadership team – headed by President Jürg Reinhart – during the organization’s annual general meeting in Liverpool.

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Could Blockchain Transform International Cotton Trade?

October 24, 2016

A recent cotton shipment processed and executed using blockchain – the technology that drives bitcoin – could represent a big breakthrough for international cotton trade.

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Indian Textile Industry Seeks Cotton Stability Support

October 3, 2016

The Indian textile industry has asked the government to provide a support mechanism to counter high volatility in cotton prices.

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Next Year’s Indian Cotton Crop to Remain Flat

August 30, 2016

The Indian cotton crop for the next season beginning in October is expected to remain at the same level as the current year.