NORTH
Weather remained quite clear with bright sun shine. Market remained firm with good demand both in ready as well as in forward. In forward Haryana J-34 RG is quoted for Sept. and October delivery @ Rs. 2715/- and 2610/- respectively. Y/day arrival was around 150 maund or 12 bales mainly in the area of Punjab.
Weather remained quite clear with bright sun shine. Market remained firm with good demand both in ready as well as in forward. In forward Haryana J-34 RG is quoted for Sept. and October delivery @ Rs. 2715/- and 2610/- respectively. Y/day arrival was around 150 maund or 12 bales mainly in the area of Punjab.
GUJARAT
Weather remained mostly clear through out Gujarat. Market remained strong with some good buying from Southern and Northern mills. Vardhman Polycot today made some Muhurat business at 26750/- per candy. Around 600 Maund of Kapas has arrived in the Rajkot area. Kapas prices was 550/- per 20 Kgs.
Weather remained mostly clear through out Gujarat. Market remained strong with some good buying from Southern and Northern mills. Vardhman Polycot today made some Muhurat business at 26750/- per candy. Around 600 Maund of Kapas has arrived in the Rajkot area. Kapas prices was 550/- per 20 Kgs.
MAHARASHTRA
Weather remained quite clear and dry without any rain where rain is required badly. Market remained strong without much of activity.
Weather remained quite clear and dry without any rain where rain is required badly. Market remained strong without much of activity.
SNIPPETS :
1. Strike of Power loom owner has been called off in Coimbatore Districts.
2. According to Circles close to the Karachi Cotton Association chances of reaping a whole some cotton crop (2008-09) have become very promising so that out put during the current season may be as high as 13 million or even 14 million domestic size bales.
3. Inflation for weak ended on August 16th, is 12.40% lower as compared with 12,62% from previous week.
4. US Weekly Export Sales 268000 bales (Last week 183600) bales. Major buyer China (76700), Indonesia (34700), Turkey (28200), Vietnam (23800), Bangladesh (17700) bales.
5. Cotton Export shipments out of the port of Abidijan, Ivory coast accerlated in July with shipments reaching 27184 ton up from only 19541 tons shipped in June and Year ago shipments of 16210 tons.
6. The largest cotton producing province in Argentina, Chaco is suffering from the worst drought in over 40 years. Rainfall in way was only 25% of normal and June rainfall was 50% of normal with little to no rain in July, August has also been dry.
7. Egypt sold an additional 146.5 tons of cotton during week ending August 23, Pushing total sales to 135381.28 tons. The latest sales included 121 tons of Giza 70, 25 tons of Giza 88 and one half ton of Giza 87. Egypt’s ending stock are rapidly tightening. (K.C.T & ASSOCIATES)
1. Strike of Power loom owner has been called off in Coimbatore Districts.
2. According to Circles close to the Karachi Cotton Association chances of reaping a whole some cotton crop (2008-09) have become very promising so that out put during the current season may be as high as 13 million or even 14 million domestic size bales.
3. Inflation for weak ended on August 16th, is 12.40% lower as compared with 12,62% from previous week.
4. US Weekly Export Sales 268000 bales (Last week 183600) bales. Major buyer China (76700), Indonesia (34700), Turkey (28200), Vietnam (23800), Bangladesh (17700) bales.
5. Cotton Export shipments out of the port of Abidijan, Ivory coast accerlated in July with shipments reaching 27184 ton up from only 19541 tons shipped in June and Year ago shipments of 16210 tons.
6. The largest cotton producing province in Argentina, Chaco is suffering from the worst drought in over 40 years. Rainfall in way was only 25% of normal and June rainfall was 50% of normal with little to no rain in July, August has also been dry.
7. Egypt sold an additional 146.5 tons of cotton during week ending August 23, Pushing total sales to 135381.28 tons. The latest sales included 121 tons of Giza 70, 25 tons of Giza 88 and one half ton of Giza 87. Egypt’s ending stock are rapidly tightening. (K.C.T & ASSOCIATES)
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