Wool prices in Australia have continued to climb since last season despite supply for the current season increasing by around 3-5 per cent relative to last year, the Australian Wool Innovation (AWI) has said in its March 2018 report. There are strong indications that the current price levels can be sustained and give a positive outlook for the industry.
“Wool remains at very competitive levels historically, despite pulling back slightly from the record highs seen over the past two months,” sa
Despite the slow pace of trades, cotton prices increased in the Brazilian market in March 2018. Between February 28 and March 29, the CEPEA/ESALQ cotton Index rose 6.6 per cent, closing at 3.0302 BRL per pound on March 29. The average price in March, at 2.9876 BRL per pound, is the highest since June 2011, when the average price was 3.1614 BRL per pound.
“The boost came from low supply, mainly of high quality (41-4 above) batches, as well as from the firm stand of active sellers, who claim mo
Cotton prices came under pressure on Tuesday as buyers moved to the sidelines. The easy trend noted in world leading cotton markets also had its implication on domestic lint prices. Overall, the underlying sentiment was firm. However the outlook remained uncertain owing to host of factors including shortage of irrigation water for cotton sowing and the current heat wave across the country.
Depleting cotton stocks with ginners and shortage of quality lint should have triggered buying from spin
