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Change in commodity futures prices in 2018: Cocoa (+28%); Wheat (+17.9%); Maize (+6.9%); Natural gas (-0.4%); Gold (-2.1%); Soyabeans (-2.1%); Cotton (-8.2%); Rough rice (-13.6%); Platinum (-14.8%); Arabica coffee (-19.3%); Brent crude oil (-19.6%); Copper (-20.3%); Sugar (-20.3%);     LafargeHolcim is expanding cement production capacity in Cameroon to 2.1million tonnes from 1.6 million tonnes to compete more aggressively with Dangote which plans to boost capacity to 3 million tonnes within 3 years

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Friday, February 15, 2019

Cotton

Cotton producers from Mali to Cameroon oblivious to ICE’s World Cotton Contract curtain call

World Cotton contract…what world cotton contract? The US Intercontinental Exchange (ICE) has delisted its world cotton contract (effective June 12) which it introduced in 2015 as an alternative to the US cotton no. 2 contract and in a bid to inject greater dynamism into its cotton futures market heavily biased towards US cotton/deliveries. The rationale