1. Declining exports blamed for trade deficit Exports of engineering goods showed an increase of 6.7 per cent whereas petroleum products along with products like carpets, rugs, mats, sports goods, leather products, and surgical equipment, chemical and pharmaceutical products registered a negative growth. Pakistans major exports, which include cotton, leather, rice, synthetic textiles and sports goods, registered a growth of 3.4 per cent but the unit value of its exports declined, as it was deprived of $563 million in export proceeds....
Source • The News International,Pakistan •
2. Cotton exports decline sharply Cotton exports decline sharply Mumbai, June 10 (UNI) With the rupee appreciating against US dollar and growing demand for the imported long staple cotton by the mills, cotton exports from the country have dwindled sharply as very few fresh contracts were entered into during the last few weeks. Refresh this page . Forward this News . Print this Page. Cotton exports decline sharply Mumbai, June 10 (UNI) With the rupee appreciating against US dollar and growing demand for the imported long...
Source • Deepika,India •
3. Outlook Varies By Segment Early 2007 finds cotton spinners uncharacteristically concise with their commentary, which may reflect some uncertainty about where the business is headed. All markets are at risk from imports, said an industry observer. You have to experiment with new products or suffer with commodity prices. In the West, for the second consecutive year, California growers intend to plant less area to upland cotton, with the shift this year to ELS cotton and wheat. The company has been fighting a marathon...
Source • 6/4/2007 •
4. JAMES MOUND'S WEEKEND COMMODITIES REVIEW While a hurricane in the Gulf throws this whole market sector into a screaming buy, the tendency for a Gulf storm this early in the season is very low, especially with the currently below average water temperatures indicating a later than normal threat to that area. While a hurricane in the Gulf throws this whole market sector into a screaming buy, the tendency for a Gulf storm this early in the season is very low, especially with the currently below average water temperatures indicating a...
Source • 6/4/2007 •
5. Indian export prices uncompetitive by 10%-12% The FICCI Survey noted that export prices of Indian products in these 11 sectors has become uncompetitive to the extent of 10% to 12% on an average vis- -vis competing countries' products as a result of rupee appreciation. The survey assesses the impact of rupee appreciation and rising interest rates on the competitiveness of Indian exports. Especially the exports of cotton yarn are adversely affected as the buyers are shifting and sourcing more from Pakistan. China, Pakistan and Iran have...
Source • Moneycontrol.com,India •
6. China's cotton sales jump by 51.7% to 5.46 mln tons According to a survey conducted by the CNCRC, the price of cotton is rising as textile manufacturers increase cotton stocks. As the cotton-planting season comes to an end, 74 percent of Chinese textile manufacturers plan to purchase more cotton, which has pushed the cotton price up by 0.8 percent to 13,076 yuan per ton from the end of last month, it said. CNCRC, a state-owned enterprise founded in 2003, is mainly responsible for the purchase, sale, storage, transportation and processing of...
Source • Mathaba.Net,UK •
7. AV Rajwade: The exchange rate debate Govindraj Ethiraj expressed surprise in an article in this paper (May 15) as to how exporters were so unprepared for something basic like currency fluctuation. But hedging apart, what else can the average exporter do? All his costs are going up power, wages, most commodity prices and so on. The attraction of imports over the domestic supplies is of course the result of an overvalued currency and those who support continued appreciation or a free float, should really ponder whether a fast...
Source • Business Standard,India •
8. The role of information Expanding output, rising demand, shortage/surplus, rising export/import volumes all these lead to price volatility and price risk. The usual sources of information are trade and industry associations; reports of experts, consultants and analysts; specialised trade and industry journals; publications of research bodies and forecasters; and government publications. What about accessibility? The government is the repository of a lot of information on factors that impact the market rainfall,...
Source • Hindu Business Line,India •
9. Michigan Ag Interests Eyeing Upcoming Farm Bill Research funding for specialty crops is among the dozens of proposals that will be considered in the legislation, which was last written in 2002 and gives farmers payments and other help to supplement their incomes, support crop prices and manage supplies. Research funding for specialty crops is among the dozens of proposals that will be considered in the legislation, which was last written in 2002 and gives farmers payments and other help to supplement their incomes, support crop prices...
Source • 5/23/2007 •
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