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Cotton May 24 (CT=F)

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91.43+0.66 (+0.73%)
As of 02:19PM EDT. Market open.
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  • Reuters

    UPDATE 1-Fire hits SLC Agricola cotton warehouse in northeastern Brazil

    Brazilian agribusiness firm SLC Agricola said on Thursday that one of its cotton bales warehouses at a farm in northeastern Bahia state was hit by a fire on Jan. 2, damaging part of its output. Possible damages include about 5,000 bales of cotton, 5% of the total produced by the farm and 0.4% of SLC's total in the 2022/23 season, the company said in a securities filing. The firm's cotton ginning plant at the Panorama farm was not directly affected by the fire, but will undergo preventive maintenance and resume operations only in July 2024, SLC Agricola said.

  • Reuters

    Sustainable cotton group boosts tracking for top retailers

    Swiss-based sustainability group Better Cotton said on Thursday it has added new functions to a platform that big retailers use to trace materials through their supply chains. Better Cotton said retailers including Walmart and Marks and Spencer will be able to tell where cotton was grown and traded, eventually to the level of individual farms. Jacky Broomhead, Better Cotton senior manager, said the current functionality is much like an electrical customer who knows the sources of generation feeding their local grid, but not to individual houses.