JERNIGAN GLOBAL
News Letter 05-Apr-2021

1. CCP’S ATTACK ON WESTERN BRANDS RATTLES GLOBAL COTTON TRADE XINJIANG COTTON WAS THE CENTER OF ATTENTION AT CHINA FASHION WEEK

2. BATTLE FOR US ACREAGE RAGES ON AS MARKET NEEDS MORE ACREAGE IN CORN AND SOYBEANS

3. SOURCING APPAREL FROM CHINA COULD FACE 10%-15% HIGHER DUTIES IN US FROM COURT RULING

4. US CBP BEGINS TO DEMAND PROOF THAT APPAREL MADE FROM CHINESE FABRIC WAS NOT MADE FROM XINJIANG COTTON

5. COTTON TRADE DRAMA - PAKISTAN AND INDIA TRADE REMAINS STOPPED AND RUMORS OF CHINESE PURCHASES OF US COTTON SURFACE

6. VISCOSE FIBER AND POLYESTER FIBER HAVE EXPOSURE IN XINJIANG AS WELL; MAJOR VISCOSE FIBER PRODUCTION EXPOSED BY SCMP

7. BENEFICIAL RAINS FORECAST FOR BRAZIL’S MATO GROSSO

8. ICE FUTURES LEAD WORLD PRICES LOWER AS CHINA MARKETS STABILIZE