Jernigan Global Weekly 02-Mar-2020
Posted : March 30, 2020

JERNIGAN GLOBAL
News Letter 02-March-2020

1. PAKISTAN SET TO IMPORT MORE COTTON THAN CHINA (OUTSIDE OF RESERVE PURCHASES) IN YEAR AHEAD

2. ITALY’S TEXTILE AND APPAREL PRODUCTION IMPACTED BY CORONAVIRUS; LUXURY SECTOR EXPECTED TO SUFFER 40 BILLION USD LOSS

3. SOUTH KOREA’S ROBUST RETAIL MARKET IMPACTED BY CORONAVIRUS

4. HEAVY RAINS FORECAST FOR AUSTRALIA’S COTTON BELT

5. CHINA POLYESTER PRICES PLUNGE TO NEW LOWS AMID RECORD SUPPLY

6. US EXPORT SALES ARE BRISK BUT CONCERNS CONTINUE OVER SHIPMENTS AND OUTSTANDING CHINESE SALES

7. CHINA HEADED FOR MAJOR RECESSION AS PMI PLUNGES TO RECORD LOW

8. ICE FUTURES COLLAPSE AS ANXIETY OVER DEMAND INCREASES

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