Tea exporters caught between buyers’ pressure and lockdown

Even although the tea trade affiliation in Kochi is contemplating to reopen its warehouses from March 30, the exporters in Coimbatore did not deny the force from customers but “no containers are out there to lift the items to Kochi Port. Motorists are not ready to just take the risk”, an marketplace resource claimed.

Admitting that the condition could possibly glimpse up right after the 21 working day lockdown time period, the resource claimed “but the journey could possibly not be easy. It could just take a thirty day period or two for matters to regularise.”

The resource having said that felt that lockdown is required for security of daily life and health and fitness of the persons.

Exporters problems

The South India Tea Exporters’ Association has in a interaction to the State Govt pointed out that exporters had higher volume of shipping and delivery orders this time, as the

Read More

Cotton remains under pressure as coronavirus scare disrupts trade

Weak overseas demand and continued trade disruptions caused by the coronavirus scare are putting pressure on cotton prices in the international and domestic markets.

Trade insiders believe that the global factors coupled with increased arrivals in the domestic markets will put more pressure on prices, which have already corrected by about 8-10 per cent in the past one month to touch ₹38,500 a candy (each of 356 kg of ginned cotton of 29 mm variety).

Crop outlook

Notably, international cotton futures have corrected from 70.69 cents for ICE May contract on January 29, to 62.43 cents on March 6, indicating a fall of about 12 per cent.

The Cotton Association of India (CAI), the apex trade body, on Friday retained its crop outlook at 354.5 lakh bales (each of 170 kg) for 2019-20.

Arun Sekhsaria, Managing Director of DD Cotton, which is a leading cotton exporter, told BusinessLine that from

Read More