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Across Your Markets

Change in commodity futures prices YTD May 8, 2020: Cocoa (-4.8%); Wheat (+3.7%); Maize (-17.5%); ICE Natural gas (-55%); Gold (+12.1%); Soyabeans (-23.1%); Cotton (-18.2%); Rough rice (+27.2%); Platinum (-18.5%); Arabica coffee (-15.1%); Brent crude oil (-53.3%); Copper (-14.6%); Sugar (-23.3%);     Whilst Africa's growth in 2020 could fall to its lowest since the 2008/9 global financial crisis, the asymmetric nature of shocks facing the region, coupled with increasing investment and cross-border trade, should help the region recover speedily.

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Thursday, September 24, 2020

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