Cotton was the first fibre for mankind. Its history is replete with controversies.
Samuel Joseph attempts to delve into some of the recent contentious issues that have blurred the white gold´s image.
Browsing: USDA
With the continuous decline in prices of cotton and yarn, and marked drop in buying of cotton from China, the Union Government is making attempts to bail out the domestic industry and farmers in India.
The USDA’s latest report featured an increase to global figures for 2014/15 beginning stocks (?,000 bales, to 100.3 million) and production (?,000 bales, to 118.0 million) as well as a decrease to the estimate for world consumption (-479,000 bales, to 112.1 million).
The history of clothing is very intriguing and it is believed that wearing clothing can be traced through genetic analysis on human body traces, to as far as 107,000 years ago.Existence of sewing needles date back to 19,000 BC, while the use of dyed flax were found as far as 36,000 BC.
Although December futures have been testing higher values, they have yet to break decisively above resistance near 68 cents/lb and were range-bound over the past month with values trading between 65 cents/lb and 68 cents/lb.
Taking place on 2-3 October in the Dubai International Convention & Exhibition Centre, International Cotton Associations (ICA) next major event Dubai 2014 is expected to attract 1,000 delegates.