Tanzania looking forward to grow the cotton sector

Related Keywords: Africa, cotton, cotton sector, Cotton Sector Development Programme, farming, Mills, Tanzania, Tanzania cotton board, Textile, Textile mills

Tanzania
Tanzania looking forward to grow the cotton sector
Summary: 
While cotton growing and ginning is a top agricultural export industry in Tanzania, the sector has been struggling for the past 50 years. As a result, Tanzania’s half a million smallholder cotton farmers in

While cotton growing and ginning is a top agricultural export industry in Tanzania, the sector has been struggling for the past 50 years. As a result, Tanzania’s half a million smallholder cotton farmers in the Lake Zone, the region southeast of Lake Victoria where most cotton is produced, remain impoverished. The poverty rate in Tanzania was 26.8 percent in 2016. Improving the Tanzanian economy, which relies on the cotton sector, is essential to further reduce the poverty rate and improving livelihoods.

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Quton launches new cotton seed hybrids

Related Keywords: cotton farmers, cotton grown in Zimbabwe, cotton hybrid varieties, Cotton Research Institute, cotton sector, good fibre quality, Mahyco, main cotton growing regions, Quton, world cotton lint prices

Zimbabwe
Summary: 
India’s leading agri-biotech company Maharashtra Hybrid Seeds Company, acquired a controlling stake in Quton in 2014 from Seed Co in a transaction worth $10 million and the acquisition gave the Indian firm a platform to introduce hybrid seeds to Africa. The African market is expected to make Quton strong and Mahyco’s positioning in the global cotton market.

India’s leading agri-biotech company Maharashtra Hybrid Seeds Company, acquired a controlling stake in Quton in 2014 from Seed Co in a transaction worth $10 million and the acquisition gave the Indian firm a platform to introduce hybrid seeds to Africa. The African market is expected to make Quton strong and Mahyco’s positioning in the global cotton market.

https://www.herald.co.zw/quton-releases-new-cotton-hybrid-seed/
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Mali to focus on direct cotton exports to Indian textile industry

Related Keywords: consumed by India, cotton sector, Indian textile entrepreneurs urged to invest, Indian textile industry, looking at direct exports of cotton, Mali produces eight lakh tonnes of cotton a year, Mali produces long staple cotton, only five percent, opportunities to trade directly, processed in Mali, rest is exported, twenty percent of Mali cotton

New Delhi
Mali to focus on direct cotton exports to Indian textile industry
Summary: 
Mali produces long staple cotton and only 5 percent of it is processed in that country and the rest is exported. Recently about 20 percent of Mali’s cotton is consumed by India, said Niankoro Yeah Samake, Mali’s Ambassador in India.

Mali produces long staple cotton and only 5 percent of it is processed in that country and the rest is exported. Recently about 20 percent of Mali’s cotton is consumed by India, said Niankoro Yeah Samake, Mali’s Ambassador in India.

Mali, which produces eight lakh tonnes of cotton a year, is looking at direct exports of cotton to the Indian textile industry. However, most of the trade is through foreign companies. So, there are opportunities to trade directly. Currently, Europe and China are the biggest buyers of the West African nation’s cotton.

http://www.thehindu.com/todays-paper/tp-business/mali-eyes-direct-india-cotton-trade/article19243167.ece
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Better volumes of second grade of lint kept trading firm

Related Keywords: better benefits of GSP plus status, Better volumes of second grade of lint, bought all grades, buyer remained cautious, buyers in Sindh andPunjab stations, Cotton import from India, cotton sector, decline in spot rate, KCA, kept trading firm, making any big deal, textile sector

Karachi
Better volumes of second grade of lint kept trading firm
Summary: 
Better volumes of second grade of lint kept the trading firm, traders at the Karachi Cotton Association (KCA) said on Tuesday. Buyer remained cautious in making any big deal as they only made deals according to their immediate need of lint on back of grade issue and in anticipation of decline in spot rate.

Better volumes of second grade of lint kept the trading firm, traders at the Karachi Cotton Association (KCA) said on Tuesday. Buyer remained cautious in making any big deal as they only made deals according to their immediate need of lint on back of grade issue and in anticipation of decline in spot rate.

KCA kept the spot rate intact at Rs 5,500 per maund in order to provide support to weak stakeholders of raw grade to ward off minimal price level, said floor brokers.

http://dailytimes.com.pk/business/22-Jun-16/lint-trading-remains-moderate-with-steady-spot-rate
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Kenya need to streamline activities with trade policy tools to aid textile and apparel sector

Related Keywords: AGOA, anti-dumping measures, cotton farming, cotton sector, EPZ textile companies, Kenyan textile industry, labour intensive value chain, liberalisation policies, mitumba, Rivatex, second hand clothes, WTO

Kenya
Kenya need to streamline activities with trade policy tools
Summary: 
Kenyan textile industry was flourishing in the 1980s before the influx of ‘mitumba’ into the country. Companies such as Rivatex offered jobs and clothed Kenyans in new clothes while Cotton farming in Nyanza and Western gave farmers a livelihood and provided cotton for the sector. This labour intensive value chain employed many Kenyans and significantly contributed to the fiscal revenue through taxes payable by the companies. Liberalisation policies followed a short while later and killed the sector.

Kenyan textile industry was flourishing in the 1980s before the influx of ‘mitumba’ into the country. Companies such as Rivatex offered jobs and clothed Kenyans in new clothes while Cotton farming in Nyanza and Western gave farmers a livelihood and provided cotton for the sector. This labour intensive value chain employed many Kenyans and significantly contributed to the fiscal revenue through taxes payable by the companies. Liberalisation policies followed a short while later and killed the sector.

http://www.capitalfm.co.ke/eblog/2014/09/15/trade-policy-tools-can-aid-textile-and-apparel-sector/
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Indian cotton prices likely to decrease in the coming days

Related Keywords: cotton, cotton sector, prices

Rajkot
Indian cotton prices likely to decrease in the coming days
Summary: 
The prices of lint and raw cotton plunged due to demand for cotton dropping on Friday as arrivals improved. The price of Gujarat Sankar-6 cotton decreased by Rs 200 to Rs 42,800-43,000 for a candy of 356 kg. Though sellers demanded Rs 43,500 a candy, buyers were not ready to purchase at this price. Kapas, or raw cotton, declined Rs 10 to Rs 1,080-1,125 for a maund of 20 kg in Rajkot.

The prices of lint and raw cotton plunged due to demand for cotton dropping on Friday as arrivals improved. The price of Gujarat Sankar-6 cotton decreased by Rs 200 to Rs 42,800-43,000 for a candy of 356 kg. Though sellers demanded Rs 43,500 a candy, buyers were not ready to purchase at this price. Kapas, or raw cotton, declined Rs 10 to Rs 1,080-1,125 for a maund of 20 kg in Rajkot.

http://www.thehindubusinessline.com/markets/commodities/cotton-likely-to-wilt-as-buyers-stay-away/article5587034.ece
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Cotton prices continued to remain steady

Related Keywords: cotton price, cotton sector, Pakistan cotton market

Karachi
Cotton prices continued to remain steady
Summary: 
Cotton prices remained steady on Friday in consideration with global trend where Indian and New York cotton markets moved higher amid strong demand and tight supply position.

Cotton prices remained steady on Friday in consideration with global trend where Indian and New York cotton markets moved higher amid strong demand and tight supply position.

There were rumors in the market that phutti (seed cotton) arrival figures due today (Saturday) are expected to show tight supply situation which may further push cotton prices higher.

Floor brokers said that only phutti stocks lying with growers are finding their way to ginners.

The Karachi Cotton Association (KCA) spot rates were steady at overnight level and trading on ready counter was moderate to active.

http://www.dawn.com/news/1080963/cotton-prices-rule-firm
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