Upper Namoi region see boost in cotton growing

Related Keywords: Aaron Goddard, almost thirty nine first time growers, cotton growing, cotton industry, cotton price, Landmark Gunnedah agronomist, lot of first time grower for cotton, on the increase, This season in the upper Namoi region

New South Wales
Upper Namoi region see boost in cotton growing
Summary: 
This season in the upper Namoi region cotton growing is on the increase as there’s been a lot of first time grower for cotton almost 39 first time growers, said Landmark Gunnedah agronomist Aaron Goddard.

This season in the upper Namoi region cotton growing is on the increase as there’s been a lot of first time grower for cotton almost 39 first time growers, said Landmark Gunnedah agronomist Aaron Goddard.

Especially dryland because the sorghum price has been quite low mostly, while the cotton price has been okay. So long as they had the moisture in the soil, they’ll give it a go for the first time, he said.

http://www.nvi.com.au/story/4638361/cotton-industry-sees-new-growth-in-region/
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Steep decline yarn prices affecting powerlooms sector

Related Keywords: affecting powerloom sector, cotton price, declining slowly, demonetization, Erode Powerloom Owners Association, fix price, high production cost, huge quantity of cloth, of All Traders and Industries Association, power looms in Erode closed down, powerloom owners, stability of cotton and yarn prices, Textile Ministry

Erode
Steep decline yarn prices affecting powerlooms sector
Summary: 
Cotton price that stood at Rs 52,000 a bale (172 kg) some months back has started declining slowly which is now available at Rs 46,000 to Rs 48,000 a bale. A steep decline in yarn prices is affecting the powerloom sector. About 2,000 of the about 10,000 power looms in Erode and surrounding areas closed down in the last three days, with the danger of many more following suit, according to a senior official of Erode Powerloom Owners Association.

Cotton price that stood at Rs 52,000 a bale (172 kg) some months back has started declining slowly which is now available at Rs 46,000 to Rs 48,000 a bale. A steep decline in yarn prices is affecting the powerloom sector. About 2,000 of the about 10,000 power looms in Erode and surrounding areas closed down in the last three days, with the danger of many more following suit, according to a senior official of Erode Powerloom Owners Association.

http://www.business-standard.com/article/pti-stories/2000-powerlooms-closed-many-more-in-danger-of-shutting-down-116120100178_1.html
0

Ethiopian investors express interest in financing Zim cotton production

Related Keywords: come up with cotton to textile value chain, cotton price, Ethiopian investors, farmers shunning the crop, interested to invest in Zim cotton, international market, open cotton sector to foreign investors, plummeting prices, revive cotton industry, taken a nosedive, Vice President Emmerson Mnangagwa, Zimbabwean cotton sector

Harare
Ethiopian investors express interest in financing Zim cotton production
Summary: 
The Zimbabwean cotton sector has over the years taken a nosedive due to the plummeting prices of the commodity on the international market, which has resulted in farmers shunning the crop. Vice President Emmerson Mnangagwa said that Ethiopian investors have expressed willingness to invest in the Zimbabwean cotton sector and hence the government will take the lead in ensuring that the cotton industry is revived.

The Zimbabwean cotton sector has over the years taken a nosedive due to the plummeting prices of the commodity on the international market, which has resulted in farmers shunning the crop. Vice President Emmerson Mnangagwa said that Ethiopian investors have expressed willingness to invest in the Zimbabwean cotton sector and hence the government will take the lead in ensuring that the cotton industry is revived.

He said that government will fully invest in the sector especially on the beneficiation thrust before opening the sector to foreign investors.

http://www.chronicle.co.zw/ethiopians-keen-on-zim-cotton/
0

CCI yet to start cotton procurement

Related Keywords: cotton corporation of India, cotton price, direction of Union textile minister, farmers started bringing, first lot of cotton harvest, long staple cotton, market in hands of private traders, medium staple cotton, MSP, reluctant to start procurement process, to mandis

New Delhi
CCI yet to start cotton procurement
Summary: 
The Cotton Corporation of India (CCI) has shown reluctance to start procurement process of the season despite directions from Union textile minister for state Santosh Kumar Gangwar on October 1, leaving the market in the hands of private traders as the farmers have started bringing the first lot of cotton harvest to the mandis.

The Cotton Corporation of India (CCI) has shown reluctance to start procurement process of the season despite directions from Union textile minister for state Santosh Kumar Gangwar on October 1, leaving the market in the hands of private traders as the farmers have started bringing the first lot of cotton harvest to the mandis.

Even Punjab chief minister Parkash Singh Badal had met Gangwar on October 11, appealing him to direct the CCI to start procurement of cotton crop which had come under whitefly attack.

http://www.hindustantimes.com/punjab/cotton-procurement-fails-to-start-despite-ministry-s-directions/story-bLctDGUcYVlkXX0x7gChlK.html
0

Cotton price drops due to low demand

Cotton prices tumbled across markets in the last week of July with numbers plunging midweek on fears that China, the world’s largest purchaser of cotton, may continue having problems with its economy. The US weather forecast for the southern US are dry, which emerged as good news for the growing cotton crop.

Benchmark December Futures lost further US cent 0.43 per pound for the week and the near month October contract fell US cents 1.83. The Cotlook A index also lost US cents 0.80 per pound while the China Cotton Index inched down 20 Yuan a ton.

Related Keywords: cotton export to china, cotton price, cotton prices in india, cotton prices in Pakistan

Cotton market face declining trend with arrival of new crop

Related Keywords: arrival of new crop, cotton consumption, cotton grower, Cotton market, cotton price, face declining trend, ginning factories, ginning new crop, lint cotton price, seedcotton price, yarn price weak

Karachi
Cotton market face declining trend with arrival of new crop
Summary: 
Cotton market is facing declining trend with the arrivals of new crop (August 2015 / July 2016), The lint cotton prices have dropped by Rs350 to 400 per maund (37.32 kgs) while seedcotton prices have red a declined by Rs 500 to Rs 600 per 40 Kilogrammes. The new crop seedcotton prices are presently said to be ruling from Rs 2300 to Rs 2500 per 40 Kgs, according to the quality. In the Punjab, seedcotton prices from the new crop said to range from Rs 2500 to Rs 2600 per 40 kilogrammes.

Cotton market is facing declining trend with the arrivals of new crop (August 2015 / July 2016), The lint cotton prices have dropped by Rs350 to 400 per maund (37.32 kgs) while seedcotton prices have red a declined by Rs 500 to Rs 600 per 40 Kilogrammes. The new crop seedcotton prices are presently said to be ruling from Rs 2300 to Rs 2500 per 40 Kgs, according to the quality. In the Punjab, seedcotton prices from the new crop said to range from Rs 2500 to Rs 2600 per 40 kilogrammes.

http://www.brecorder.com/cotton-a-textiles/185:pakistan/1199899:weakness-persists-on-cotton-market/
0

Cotton prices were mostly stable in Pakistan local market

Related Keywords: availability of limited working capital, continued making need based buying, cotton price, KCA, maintain stabilility, medium size textile mills, Pakistan cotton makret

Karachi
Cotton prices were mostly stable in Pakistan local market
Summary: 
With cotton price maintaining stability, many medium-size textile mills continued to make need-based buying on day-to-day basis due to availability of limited working capital with them, a dealer said on Saturday.

With cotton price maintaining stability, many medium-size textile mills continued to make need-based buying on day-to-day basis due to availability of limited working capital with them, a dealer said on Saturday.

In the local markets, trade turnover of cotton remained moderate at 5,900 bales (of 155 kilogram each).

Majority of the trade deals were made for a few hundred cotton bales across the country, said a broker at Karachi Cotton Exchange.

http://www.thenews.com.pk/Todays-News-3-308232-Cotton-prices-stable
0

Textile industry seeks cut in duties and higher funds allocation for growth

Related Keywords: cotton price, cotton textile industry, cotton working capital, cut in excise and import duties, higher fund allocation, market of man made textile products, Santoch Gangwar, SIMA, Textile Industry, Textile Minister, TUF

New Delhi
Textile industry seeks cut in duties and higher funds allocation for growth
Summary: 
Textile industry are seeking reduction in excise and import duties while pitching for higher fund allocation as it will enable Indian textile industry to achieve a substantial growth rate in the market of man-made textile products as this segment has not achieved any growth rate over a period. In this regard, South Indian Mills Association (SIMA) representatives met Textile Minister Santosh Gangwar.

Textile industry are seeking reduction in excise and import duties while pitching for higher fund allocation as it will enable Indian textile industry to achieve a substantial growth rate in the market of man-made textile products as this segment has not achieved any growth rate over a period. In this regard, South Indian Mills Association (SIMA) representatives met Textile Minister Santosh Gangwar.

http://zeenews.india.com/business/news/economy/textile-industry-seeks-lower-duties-more-funds-for-growth_120965.html
0

Zimbabwe cotton output on the verge of collapse

Related Keywords: cost of production, Cottco, cotton crop 2015 too small, cotton exports, cotton farmers, Cotton Ginners Association, cotton price, cotton production, fall in annual revenue, farmers left stranded, Textile Industry, white gold, Zimbabwe cotton

Zimbabwe
Zimbabwe cotton output on the verge of collapse
Summary: 
Zimbabwe cotton also known as the white gold had economically uplifted places such as the hot and semi-arid marginalized areas like Gokwe in the Midlands Province. Besides bringing in the much needed foreign currency, the textile, oil-pressing and stock feed industries also benefitted from cotton production in Zimbabwe. But today, the nation cannot talk of a 2015 cotton crop because there is no cotton crop to talk about.

Zimbabwe cotton also known as the white gold had economically uplifted places such as the hot and semi-arid marginalized areas like Gokwe in the Midlands Province. Besides bringing in the much needed foreign currency, the textile, oil-pressing and stock feed industries also benefitted from cotton production in Zimbabwe. But today, the nation cannot talk of a 2015 cotton crop because there is no cotton crop to talk about.

http://allafrica.com/stories/201502261454.html
0

Pakistan cotton market witnessed upward prices journey

Related Keywords: buyers replenish stock, cotton price, influenced by international trend, Pakistan cotton market, textile goods, upward journey, world cotton market

Karachi
Pakistan cotton market witnessed upward prices journey
Summary: 
Cotton price in Pakistan market maintained upward journey on Wednesday, influenced with the recent international trend. Brokers said that deals were made at higher rates by up to Rs150 to Rs200 per maund as the world cotton markets moved higher influencing the domestic trading. Buyers rushed to replenish their stocks at higher level, cotton prices rose above the psychological barrier of Rs5,000 per maund because of rise in the dollar’s value against the rupee which has improved export parity of textile goods.

Cotton price in Pakistan market maintained upward journey on Wednesday, influenced with the recent international trend. Brokers said that deals were made at higher rates by up to Rs150 to Rs200 per maund as the world cotton markets moved higher influencing the domestic trading. Buyers rushed to replenish their stocks at higher level, cotton prices rose above the psychological barrier of Rs5,000 per maund because of rise in the dollar’s value against the rupee which has improved export parity of textile goods.

http://www.brecorder.com/cotton-a-textiles/185:pakistan/1150694:cotton-market-prices-rise-in-line-with-global-trend/
0
 
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