Group 1 - The core viewpoint of the article highlights the fluctuations in cotton futures prices on the ICE, with a slight decrease of 0.03% reported [1] - On August 19, the opening price for U.S. cotton was 67.77 cents per pound, with a closing price of 67.64 cents per pound, reflecting a decline of 0.37% [2] - The Indian government has announced the immediate removal of an 11% import duty on cotton and the Agricultural Infrastructure and Development Cess (AIDC), effective from August 19 to September 30, as a response to U.S. tariffs [2] Group 2 - The Cotton Association of India (CAI) reported that the current cotton crop is growing well, with all ten major growing states receiving adequate rainfall [2] - Despite a 3% decrease in sowing area compared to the previous year, with approximately 10.7 million hectares sown this year versus 11 million hectares last year, an increase in yield of up to 10% is anticipated [2] - The Zhengzhou Commodity Exchange has decided to adjust the warehouse premium standards for cotton delivery warehouses starting September 1, 2026, while maintaining the original standards for those registered before that date [2]
ICE棉花价格窄幅震荡 印度取消11%的棉花进口关税及农业基础设施与发展税
Jin Tou Wang·2025-08-20 03:10