Jernigan Global Weekly 07-Jun-2021
Posted : June 15, 2021

JERNIGAN GLOBAL
News Letter 07-Jun-2021

1. INDIAN DOMESTIC PRICES CONTINUE TO ADVANCE; S-6 EX-GIN PRICE REACHES 50,000 R PER CANDY FOR FIRST TIME IN TEN YEARS

2. TURKISH COTTON CONSUMPTION REACHES RECORD AS EXPORTS SURGE

3. EXCESSIVE MOISTURE NOW A PROBLEM IN TEXAS AS INSURANCE DEADLINES ARRIVE

4. EGYPT COTTON USE STAGNATES DESPITE MASSIVE TEXTILE INVESTMENT SCHEMES

5. PAKISTAN REMAINS A SOURCE OF DEMAND AS LOCAL PRODUCTION PROSPECTS REMAIN UNKNOWN

6. CHINA BLOCKS SMALL SHIPMENTS OF IMPORTED APPAREL FROM WESTERN BRANDS

7. US FAILED PPE POLICY ALLOWS CHINA TO DUMP PPE IN USA

8. BRAZIL BASIS FIRM AS CROP REMAINS LATE AND REAL/USD FIRMS

9. AFRICAN FRANC ZONE BASIS FIRM AS SHIPPING ISSUES MOUNT

10. US EXPORT SALES FOR 2020/2021 NEAR 17 MILLION BALES

11. PHYSICAL COTTON PRICES MOVE HIGHER AS ICE AND ZCE POST STRONG GAINS AMID STRONG DEMAND

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