International News

See the attached link that was posted to website. Look on website for other Breaking News: www.cottonusa.org.

The following Events & Promotions from around the world have been updated at COTTON USA Website:
Europe:

NEW YORK (February 27, 2010): Cotton futures finished near a two-year peak Friday on sustained investment fund buying but analysts believe most of the running in the rally has been led by speculators and fibre contracts are heavily overbought.

NEW YORK (February 27, 2010): Thursday's closing prices of New York cotton in US cents/lb.

NEW YORK (February 26, 2010): Cotton futures finished near a two-year peak Thursday on investment fund buying and news of a poor cotton crop in leading consumer China as the market bucked commodity-wide weakness by a robust dollar, analysts said. The benchmark May cotton contract increased 2.01 cents or by 2.5 percent to end at 81.17 cents per lb, dealing from 78.47 to 81.78 cents, the highest intrasession level since mid-March 2008.

BEIJING (February 26, 2010): China, the world's largest cotton consumer, produced 6.4 million tonnes of cotton in 2009, down 14.6 percent from 2008, National Bureau of Statistics figures showed on Thursday. The figure was in line with earlier estimates by the bureau, but lower than the agricultural ministry's forecast of 6.7 million tonnes.

NEW YORK (February 26, 2010): Wednesday's closing prices of New York cotton in US cents/lb.

NEW YORK (February 25, 2010): Cotton futures finished easier Wednesday on investor profit-taking after hitting a near two-year peak, and analysts feel fibre contracts would need to hand back more of its gains following its recent rally. The benchmark May cotton contract declined 0.61 cent to end at 79.16 cents per lb, dealing in a 100-point band from 78.54 to 79.54 cents.

NEW YORK (February 25, 2010): US cotton ended near a two-year top on Tuesday, cracking key psychological resistance at 80 cents a lb, as fund money continued to fuel the market despite a stronger dollar which pressured most commodities. New York's benchmark May cotton contract settled up 0.07 cent at 79.77 cents per lb.

NEW YORK (February 25, 2010): Tuesday's closing prices of New York cotton in US cents/lb.

NEW YORK (February 24, 2010): Prices of ICE Futures US cotton during mid session on Tuesday. May cotton down 0.25 cent to 79.45 cents per lb by 11:40 am EST (1640 GMT). Trading from 78.71 to 79.75 cents. May volume at 6,473 lots. Cotton following other commodities in taking its cue from a stronger dollar, said dealers.

NEW YORK (February 23, 2010): Cotton futures finished Monday near a two-year top as tight supplies in the US and the steady appetite of investment funds fuelled a rally in the market that shows little sign of easing, analysts said. The now benchmark May cotton contract gained 0.72 cent to settle at 79.70 cents per lb, dealing from 78.46 to 79.79 cents.




Prepared by Farah Naz ( Computer Programmer)