Jernigan Global Weekly 28-Dec-2020
Posted : February 23, 2021

JERNIGAN GLOBAL
News Letter 28-Dec-2020

1. COTTON DEMAND ROBUST AS PANDEMIC CHAOS EXPANDS IN USA/EUROPE UNDER TRADE AGREEMENT US COTTON SALES TOP 2.4 BILLION

2. CHINA HIT WITH MASSIVE ELECTRICITY SHORTAGES: WILL IT IMPACT COTTON CONSUMPTION RECOVERY? OVER 150 MILLION PEOPLE LEFT IN THE COLD

3. BRAZIL CFR BASIS SHOWS SOME WEAKNESS NEARBY TIGHTNESS EASES

4. CHINA ADJUSTS SLIDING SCALE IMPORT TAX FOR 2021

5. CHINA DEMAND FOR HIGH COUNT YARNS EXPANDS/COTTON YARN IMPORT DEMAND MAINTAINED

6. VIETNAM EXPANDS BUYING TO USA/BRAZIL/INDIAN/AFZ

7. PAKISTAN APPAREL/TEXTILE EXPORTS POST YEAR-ON-YEAR GROWTH IN NOVEMBER

8. US SEEKS TO HOLD CHINA ACCOUNTABLE FOR ITS LOOSE ENVIRONMENTAL STANDARDS AT WTO

9. ICE FUTURES STALL AS PANDEMIC SPREADS FURTHER RAISING NEW ECONOMIC CONCERNS

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