Cotton & Kapas Tips

Cotton / Kapas – Kapas and Natural organic cotton costs are required to stay company on international hints. On Sunday Kapas Apr 2013 agreement shut reduced on NCDEX at 977.5 down by 4 Rs per maund (-0.4%). Kapas shut up by 2.9% on weeks time. On MCX also May organic cotton agreement shut reduced at 16130, down by Rs.130 per bale (-0.8%). The agreement shut up by 3.2% w/w. On ICE the key Dec organic cotton agreement on the ICE Futures U.S. return increased 0.42 dollar to complete at 71.02 dollars per lb. For the weeks time, the agreement is up 1.63 %. Portugal has elected for a pro-Euro govt. This has prevented an immediate disaster in Dollar area. Also covered up are the G20 as well as the Government Source rate choices before weeks time. The wish for a harmonized effort by the international authorities to save the international economic climate as well as a potential QE3 will see the merchandise backed worldwide and which in turn should confirm helpful to natural roughage at home. We anticipate Kapas Apr 2013 to business the variety of 970-90. In the same way May Natural organic cotton agreement on MCX is predicted to business in the variety of 16000-16500 per bale.

Sugar – Glucose costs could gain further on international hints and local need. On Sunday Sept Glucose agreement on NCDEX shut up at 2889, up by 0.5% or Rs 13 per qtl. Contract shut up by 2.1% on weeks time up by 60  Rs per Qtl. In the international industry the Saturday close of the effective Oct agreement on ICE was up by 0.50 dollar at 20.01 dollars per lb. White sugar Aug agreement shut dramatically up by 18.90 at $585.60per tonne up by 3.34% on LIFFE in London, uk. Rain in South america has stunted Brazil’s sugar growing and stimulated an 18 % fall in the amount of stick prepared by generators in the second half of May. Supply meltdown worldwide at the time of collection in fun related international customer need has brightened the leads for Native indian exporters. Meanwhile the newest property number  recommend that the sugarcane has been placed in 51.76 lakh hectares as against 49.47 lakh hectares on this date last season. This is despite low sugar costs throughout the season. Method term situation for sugar continues to be bearish, but the immediate raise in costs will assistance the emotions. Expect the Sept 2012 on NCDEX to business in the variety of 2870-2890.

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