Overall Cotton Prices Remain Stable In India.

2 ICE cotton contracts generally rebounded.

The recent 1412 month contract settlement price is 60.75 cents / pound, up 57 points; the main 1503 month contract settlement price 59.38 cents / pound, up 20 points; the forward 1505 month contract settlement price 60.28 cents / pound, 16 points.

ICE on that day

After opening, it rose slightly and rose to the highest level in the afternoon. The main contract ended up but still did not break through 60 cents. The recent contract has been concussing between the 58.5-60.7 cents for two consecutive weeks, and the external commodity market has generally fallen on the same day, and the price difference between 1412/1503 months has continued to reach 137 points.

On the 2 day, the CotlookA index was 66 cents / pound, down 85 points.

On the 2 day, the imported cotton price index FCS reported 76.47 cents / pound, down 73 points; FCM reported 70.03 cents / pound, down 67 points; FCL reported 68.49 cents / pound, or 85 points.

There was no significant change in the international spot market on Tuesday compared with the previous day. The price was mainly for cotton, West African cotton and shipped cotton.

Three. Dynamics of countries

Due to favorable weather conditions, the growth of new flowers in Israel is generally good. It is estimated that lint yield will be 14 thousand tons this year, including 11 thousand and 500 tons of Pima cotton and 25 million tons of Acalpi hybrid, and Acala cotton is expected to be around 200 tons.

In this year, the domestic sown area of Israel is about 7000 hectares, of which 5650 hectares of Pima cotton.

This year's production is expected to create a new high value of domestic and global unit production, about 2000 kg / ha (Pi Mamian) and 2200 kg / ha (Acalpi), and the latter production is expected to depend on the trend of international cotton prices.

On the 2 day, the S-6 cotton gin plant in India was stable in delivery price. The quotation was 32850 rupees /candy on the day, about 67.6 cents / pound, about 80 points higher than MSP.

The head of the Agricultural Department of Gujarat said on that day that CCI had begun preparations for the acquisition of 341 acquisition points. Despite the strong voice of domestic cotton growers, the government has no intention to raise the MSP standard.