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As On 11-Dec-2017
SENSEX
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  • USDA Estimates Drop In Cotton Exports , Imports To Remain Higher In MY 2017/18

    USDA forecasts MY 2017/18 exports at 4.3 million 480 lb. bales (5.5 million 170 kg bales/ 936,000 mt) which is lower than the USDA official forecast as Indian cotton will need to compete with cotton from other major exporters. While Indian Ex-gin prices have fallen by 4-5 percent since the beginning of MY 2017/18 with expectation of a large crop, and are lower than Cotlook A-Index (FE) making Indian cotton prices competitive, Indian cotton may not be competitive on technical or quality parameters that affect its export prospects. Bangladesh remained the top cotton export destination, followed by Vietnam, Taiwan and China. Preliminary cotton yarn export data shows signs of improvement in September and October as strong demand was observed from China, followed by Bangladesh, Pakistan and Egypt. Unites States, Bangladesh and Sri Lanka were the top destinations for exports of cotton fabrics, made ups and other textile products.

    The MY 2017/18 cotton import forecast is 1.5 million 480 lb. bales (1.9 million 170 kg bales/ 326,600 mt). This is 100,000 480 lb. bales higher than the USDA official forecast. Even though a large crop is expected, imports will remain strong as mills import for processing and re-export to cover export commitments. For MY 2016/17, Post has revised the export and import numbers based on trade data for the full marketing year.

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Flash News 11-Dec-2017
  •  ( 14:42) Somany Ceramics launches new product series in tiles  
  •  ( 14:05) Deepak Nitrite's board oks raising of funds by QIP issue  
  •  ( 13:59) European stocks advance ahead of ECB, Fed meetings  
  •  ( 13:54) Key indices trade with modest gains  
  •  ( 13:47) NBCC (India) drops after large bulk deal  
  •  ( 12:16) Parag Milk Foods ties up with Taj Group  
  •  ( 11:08) Suven Life Sciences secures product patents in India and USA  
  •  ( 10:51) China consumer inflation slows more than expected in Nov  
  •  ( 10:51) Gillanders Arbuthnot's Q2 PAT rises 29.6% to Rs 7.44 cr  
  •  ( 10:28) Thyrocare Tech's board defers decision on interim dividend  
  •  ( 10:23) Thyrocare Tech's cons. Q2 PAT spurts 2007.7% to Rs 24.66 cr  
  •  ( 10:02) Ucal Fuel Systems' Q2 PAT surges 99% to Rs 15.98 crore  
  •  ( 09:52) Traders request food min to raise duty on sugar to 60%  
  •  ( 09:49) Aegis Logistics scales record high after stellar Q2 outcome  
  •  ( 08:51) UltraTech board approves hike in RFPIs limit to 40%  
  •  ( 08:45) UltraTech Cement board approves greenfield expansion   
  •  ( 08:11) US reports stronger-than-expected jobs data  
  •  ( 08:11) Gujarat first phase elections record 68% polling  
  •  ( 08:10) US equities close higher on Friday  
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11 December 2017 15:08
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