Cotton futures surge 12-fold in 6 months as prices hit peaks
The average daily volume traded on MCX increased from just 34 metric tonnes (mt) in August 2010 to 3,332 mt in January 2011, a rise of more than 9,000%, or 98 times. The daily average turnover has also increased from `11 lakh in August 2010 to `13.79 crore in January 2011, a rise of around 125 times. Read More...
Today commodities prices of Cotton, coffee, sugar rises due to differences in supply and demand
Coffee prices also rose Friday due to ongoing supply concerns. But while concerns about the supply of weather-related cotton, coffee pure logistics of supply concerns and as such may be temporary, said Patton. Backup at ports in Brazil have kept copies of which were sent abroad, which has helped prices. Coffee for December delivery rose 6.85 cents, or 3.5 percent, to settle at $ 2.0345 per pound. The delay shipment of coffee is the result of exporters into busy shipping out of sugar, which has rallied back near 29-year high. Sugar prices rose to a peak at the beginning of the year on concerns about supplies before falling during the summer when their fears subsided. Read More...
Foods and Softs Outlook - February 18, 2011
March cotton prices continued their parabolic rise as they posted an all-time high of $2.0402 a pound, the highest price since cotton began recorded-trading 140 years ago. Bullish factors include (1) the action by Australia, the world's fourth-largest exporterRead More...
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