SIMA gives importance to price stabilisation fund

Related Keywords: cotton corporation of India, Cotton productivity, cotton traders, fibre, Indian cotton, Price Stabilisation Fund, price volatility, Southern India Mills’ Association

Coimbatore
Summary: 
The price volatility often eroded the working capital and profit margins of the industry, restricting the industry growth rate between 6 and 8 per cent againsr the potential growth rate of 12 to 16 per cent.P Nataraj, Chairman, SIMA said that, “Cotton productivity has stagnated at 500-550 kg per hectare against over 1,500 kg/hec achieved by over 20 countries. Australia for instance, has achieved productivity of 2,200 kg/hec. Further the quality of Indian cotton is much inferior when compared to the imported fibre, affecting both the farmers and the industry,” giving importance to the requirement for reintroducing PSF and TMC schemes.

The price volatility often eroded the working capital and profit margins of the industry, restricting the industry growth rate between 6 and 8 per cent againsr the potential growth rate of 12 to 16 per cent.P Nataraj, Chairman, SIMA said that, “Cotton productivity has stagnated at 500-550 kg per hectare against over 1,500 kg/hec achieved by over 20 countries. Australia for instance, has achieved productivity of 2,200 kg/hec.

https://www.thehindubusinessline.com/news/sima-bats-for-psf-for-cotton/article24343410.ece
0

Drop in interest of Pakistani mills in Indian cotton amid unusual hike in price

Related Keywords: after period of eight months, amid unusual hike in price, India it would decrease, India via Wagah border crossing, Indian cotton, International cotton advisory committee, Pakistan resumed cotton imports, Pakistani mills owners, per hectare production of cotton in Pakistan would increase, significant drop in interest

Karachi
Drop in interest of Pakistani mills in Indian cotton amid unusual hike in price
Summary: 
Chairman of Pakistan Cotton Ginners Forum Ihsan ul Haq stated that Department of Plant Protection (DPP) halted cotton imports from India via the Wagah border crossing amid rising tensions between the two countries. However, the ban has been lifted after period of eight months and Pakistani authorities have permitted import of cotton via Wagah Border Crossing.

Chairman of Pakistan Cotton Ginners Forum Ihsan ul Haq stated that Department of Plant Protection (DPP) halted cotton imports from India via the Wagah border crossing amid rising tensions between the two countries. However, the ban has been lifted after period of eight months and Pakistani authorities have permitted import of cotton via Wagah Border Crossing.

Pakistan resumed cotton imports from India via Wagah border crossing after period of eight months. But there has been a significant drop in interest of Pakistani mills owners in Indian cotton amid unusual hike in price.

http://dunyanews.tv/en/Business/374046-Cotton-imports-from-India-decreases-amid-unusual-h
0

Pakistan cotton market sees prices moving higher

Related Keywords: cotton bales, Cotton prices moved higher, fetch better prices, ginners hold back stock, imported in violation, Indian cotton, Karachi port, KCA, Ministry of National Food Security and Research Department of Plant Protection, Pakistan rejecting consignment, Plant Quarantine rules, spotrate unmoved

Karachi
Pakistan cotton market sees prices moving higher
Summary: 
Cotton prices moved higher on Wednesday on reports of Pakistan rejecting a consignment of around 10,000 bales of Indian cotton worth $3.3 million at the Karachi port by the Ministry of National Food Security and Research Department of Plant Protection as it was imported in violation of the country's Plant Quarantine rules. The consignment has to be returned by importers at their cost.

Cotton prices moved higher on Wednesday on reports of Pakistan rejecting a consignment of around 10,000 bales of Indian cotton worth $3.3 million at the Karachi port by the Ministry of National Food Security and Research Department of Plant Protection as it was imported in violation of the country's Plant Quarantine rules. The consignment has to be returned by importers at their cost.

https://www.dawn.com/news/1301094/cotton-price-moves-higher
0

Bangladesh retains largest cotton importer position in 2015-16

Related Keywords: Bangladesh's textile imports, cotton exporters, cotton exporting countries, cotton importing countries, cotton imports in Bangladesh, global imports, Indian cotton, textile makers, US Department of Agriculture, world's largest importer of cotton

Mumbai
Summary: 
In 2015-16, Bangladesh imported 6.2 million cotton bales during the year thereby reinforcing its position as the world's largest importer of cotton. According to US department of agriculture (USDA),

In 2015-16, Bangladesh imported 6.2 million cotton bales during the year thereby reinforcing its position as the world's largest importer of cotton. According to US department of agriculture (USDA), Bangladesh's imports are expected to increase to 6.3 million bales in 2016-17. This raises Bangladesh's share of global imports to over 18 per cent, which is more than double its share seen 5 years before.

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India expecting higher demand for cotton from Bangladesh

Related Keywords: CCI, drop in production, higher demand from Bangladesh, Higher exports will cap global prices, Indian cotton, MSP, offset poor demand from China, Pakistan and Vietnam, pilot project for Maharashtra farmers, raise domestic prices, Textile Commissioner Kavita Gupta

New Delhi
India to see higher demand for cotton from Bangladesh
Summary: 
Textile Commissioner Kavita Gupta after a meeting of the state-run Cotton Advisory Board on Tuesday said that they are expecting higher demand from Bangladesh, Pakistan and Vietnam. This will offset poor demand from China.

Textile Commissioner Kavita Gupta after a meeting of the state-run Cotton Advisory Board on Tuesday said that they are expecting higher demand from Bangladesh, Pakistan and Vietnam. This will offset poor demand from China.

India, the world's biggest cotton producer, is likely to export 6.8 million bales in the 2015/16 season, up 18 percent from a year ago as demand from Asia is expected to improve, a senior government official said.

Higher exports will cap global prices, but raise domestic prices and help bring down government purchases at the support price.

http://www.businessworld.in/economy-agriculture/cotton-exports-rise-bangladesh-takes-chinas-place#sthash.Lhm8a3t1.dpbs
0

Falling rupee may increase export competitiveness of Indian cotton

Related Keywords: American dollar, cotton exports, Global textile market, Indian cotton, Indian textile exports, rupee depreciation, yuan devaluation

Mumbai
Summary: 
The rupee fell by 36 paise (0.5 per cent) to close at a two-year low of 66.82 against the American dollar on Monday on firm dollar demand from banks and importers and volatile domestic equities. The Indian currency has depreciated about

The rupee fell by 36 paise (0.5 per cent) to close at a two-year low of 66.82 against the American dollar on Monday on firm dollar demand from banks and importers and volatile domestic equities. The Indian currency has depreciated about 7 percent since April.

The depreciation of the rupee would have ambiguous impact on Indian textile industry. Fall in rupee will possibly benefit the Indian textile exporters as China could further devalue its currency to increase competition.

0

Falling trend in cotton prices is inducing Pakistani exporters and mills buying

Related Keywords: Active buying by mills and exporters, China, cotton prices, Indian cotton, Pakistan cotton market, waning demand

Karachi
Falling trend in cotton prices is inducing Pakistani exporters and mills buying
Summary: 
Active buying by mills and exporters was witnessed on the Pakistan cotton market as prices moved warily on Tuesday. The official spot rate remained unchanged at Rs 5,200, dealers said. In the ready session, around, 20,000 bales of cotton changed hands between Rs 5200 and Rs 5300. In Sindh, rates were lower by Rs 100 to Rs 2000 and Rs 2025, while in Punjab prices were at Rs 2300 and Rs 2600.

Active buying by mills and exporters was witnessed on the Pakistan cotton market as prices moved warily on Tuesday. The official spot rate remained unchanged at Rs 5,200, dealers said. In the ready session, around, 20,000 bales of cotton changed hands between Rs 5200 and Rs 5300. In Sindh, rates were lower by Rs 100 to Rs 2000 and Rs 2025, while in Punjab prices were at Rs 2300 and Rs 2600.

http://www.brecorder.com/cotton-a-textiles/185/1234829/
0

Demand for Indian cotton from Pakistani traders

Related Keywords: cotton export, Indian cotton, Pakistani traders

Mumbai
Demand for Indian cotton from Pakistani traders
Summary: 
On one hand Indian exports jeopardize over China unwinding its inventory at the same time Pakistan brings smile on cotton farmers in Maharashtra, as they have started buying loads of cotton from them. Infact, not just Maharashtra, Pakistan is buying cotton from Gujarat and Andhra Pradesh as well.

On one hand Indian exports jeopardize over China unwinding its inventory at the same time Pakistan brings smile on cotton farmers in Maharashtra, as they have started buying loads of cotton from them. In fact, not just Maharashtra, Pakistan is buying cotton from Gujarat and Andhra Pradesh as well.

Due to shortfall of cotton in Pakistan; they are buying it in huge quantities from India, particularly from states like Maharashtra. Also, Indian cotton is not only cheaper but of superior quality. Moreover sourcing the fibre from India reduces transportation costs.

http://www.dnaindia.com/mumbai/report-pakistan-brings-cheer-to-maharashtra-cotton-farmers-paying-rs1000-more-per-quintal-1960909
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Orders from Pakistan makes Indian cotton exports look bright

Related Keywords: Indian cotton, Indian Cotton Federation, Pakistan

New Delhi
Orders from Pakistan makes Indian cotton exports look bright
Summary: 
Indian cotton exports look bright with sudden spurt in Pakistan’s cotton imports from India which is likely to see a rise mainly due to the recovery seen in rupee value and production of lower volumes of prime quality cotton produced in Pakistan this year. Experts are also of the opinion that Pakistani spinning mill owners prefer high quality Indian cotton compared with that from the US or Brazil, moreover the cost and transportation time in case of Indian cotton are much lower. Indian origin cotton is also receiving good export orders from Bangladesh as well.

Indian cotton exports look bright with sudden spurt in Pakistan’s cotton imports from India which is likely to see a rise mainly due to the recovery seen in rupee value and production of lower volumes of prime quality cotton produced in Pakistan this year. Experts are also of the opinion that Pakistani spinning mill owners prefer high quality Indian cotton compared with that from the US or Brazil, moreover the cost and transportation time in case of Indian cotton are much lower. Indian origin cotton is also receiving good export orders from Bangladesh as well.

http://www.mydigitalfc.com/commodities/indian-cotton-exports-look-bright-pakistan-demand-313
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