Global Cotton production may outpace demand in 2019-20: ICAC
Commodity Online | October 03 2019
UPDATED 09:43:23 IST

India imposes anti-subsidy duty on imports of Copper wire rods from 4 nations

USDA cuts Malaysia's Palm Oil production outlook for 2019-20

World food prices at 5-year high in December: UN

Malaysia's Palm Oil stocks fall 11% in December

Improvement in macro sentiment leading to recovery in Aluminium, Copper prices: report

The International Cotton Advisory Committee (ICAC), in its cotton summary for October 2019, noted that global production - projected at about 26.8 million tonnes - is expected to slightly outpace global consumption, projected at 26.5 million tonnes, for the 2019-20 year, which began from August.

The East Asia region will continue to lead the world in consumption, but growth likely will be modest, and China’s 2018/19 consumption total of 8.25 million tonnes is expected to remain unchanged in the coming season.

Several major consuming countries should see gains - including India, Bangladesh and Vietnam - but overall growth is slowing, and none of those countries is likely to see gains of 2% or more, with the exception of Indonesia (projected 4% growth over 2018/19), ICAC said.

With plentiful supplies and weak export demand, the price on the Cotlook A Index has dropped to its lowest point since 2016, the report said.


Commodity Arrivals Rate
Mustard Oil NR 10050.00
Coconut Oil 2 18000.00
Arecanut 1.66 20500.00
Sugar NR 3500.00