CT=F - Cotton Dec 19
| Pre. Settlement | N/A |
| Settlement Date | 2019-12-06 |
| Open | 66.66 |
| Bid | 66.57 |
| Last Price | 65.72 |
| Day's Range | 66.49 - 66.86 |
| Volume | 368 |
| Ask | 66.63 |
Reuters•4 months agoChina buys Indian cotton as prices at home jump: industry officials
Indian traders have signed contracts to ship 800,000 bales of cotton to China as demand surged from the world's biggest consumer of the fibre due to a rally in prices in China, industry officials told Reuters. The exports from the world's biggest cotton producer will help China in augmenting supplies, but could weigh on global prices. "Chinese buyers were very active in the market in last few days," said Atul Ganatra, president of the Cotton Association of India (CAI).
- Reuters•5 months ago
Singapore's Olam to invest $3.5 billion in growth areas; exit sugar, rubber
Singaporean commodity trader Olam International plans to invest $3.5 billion into key growth areas, such as edible nuts, coffee and cocoa, over the next few years, while exiting four existing businesses to raise funds. The agricultural commodity trader will double down on 12 prioritised businesses, which include spices, edible oils, cotton, dairy, grains and animal feed. "We will continue to invest in businesses where we have consistently performed, have market leading positions, clear differentiation, it is in line with the key consumer trends and there is significant potential for future growth," chief executive Sunny Verghese told a briefing.
Reuters•5 months agoSingapore's Olam to invest $3.5 billion in growth areas; exit sugar, rubber
Singaporean commodity trader Olam International plans to invest $3.5 billion into key growth areas, such as edible nuts, coffee and cocoa, over the next few years, while exiting four existing businesses to raise funds. The agricultural commodity trader will double down on 12 prioritised businesses, which include spices, edible oils, cotton, dairy, grains and animal feed. "We will continue to invest in businesses where we have consistently performed, have market leading positions, clear differentiation, it is in line with the key consumer trends and there is significant potential for future growth," chief executive Sunny Verghese told a briefing.
Bloomberg•10 months agoSoft Commodities Hit Record Low With More Losses Seen for Sugar
Soft commodities are getting hit by one blow after another, and some traders are predicting the worst is yet to come for sugar prices. Chaos for emerging-market currencies could make producers in countries like Brazil more eager to offload supplies at a time when mammoth coffee and sugar inventories are already weighing on the market. Meanwhile, Turkey’s financial crisis could limit the major cotton buyer’s demand just as prospects for U.S. production start to improve.
- Reuters•last year
China keeps LNG off tariff list for now, could be trade weapon later
China's omission of liquefied natural gas (LNG) from its vast list of U.S. products that face hefty import duties from Friday has preserved a potential weapon should the trade war with Washington deepen. It also underscores Beijing's desire to ensure supplies of gas as it pushes to switch millions of households and businesses away from using coal as a key part of its 'war on pollution'. China will on Friday impose tariffs on $34 billion of U.S. goods from pork to soybeans to cotton in retaliation for a similar move by Washington as trade relations sour between the world's top two economies.