Pakistan will have to foot bill of $1.58bn for cotton imports

Related Keywords: APTMA, bridge the gap between production and consumption, cotton production is expected to be insufficient, import of cotton bales, largest raw cotton exporter, meet local demand, Pakistan, raw cotton, to foot a bill of around billion

Karachi
Pakistan  will have to foot  bill of $1.58bn for cotton imports
Summary: 
Pakistan, one of the largest raw cotton exporter to bridge the gap between the production and consumption of raw cotton will have to foot a bill of around $1.58 billion for the import of 4.5 million bales (170kg each) as cotton production is expected to be around 10.54m bales in 2016-17.

Pakistan, one of the largest raw cotton exporter to bridge the gap between the production and consumption of raw cotton will have to foot a bill of around $1.58 billion for the import of 4.5 million bales (170kg each) as cotton production is expected to be around 10.54m bales in 2016-17.

Pakistan has been an importer for the last two years. Last year, Pakistan imported around 2.7m bales from India at a cost of $800m. With cotton production clocking up at 15m bales in 2014-15 and 9.5m bales in 2015-16.

http://www.dawn.com/news/1306632/cotton-imports-to-hit-158bn
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Govt mulls to lift ban on raw jute export from first week of April

Related Keywords: adequate supply of fibre in domestic market, ban is withdrawn, Bangladesh government, considering lifting ban on raw jute export, local supply will not be affected, Mandatory Jute Packaging Law, meet local demand, millers need a large volume of raw materials, raw jute prices will go up, restriction will go from first week of April

Dhaka
Govt mulls to lift ban on raw jute export from first week of April
Summary: 
Bangladesh government is actively considering lifting its ban on raw jute export due to adequate supply of the fibre in domestic market. Hopefully, the restriction will go from the first week of April, said Joint secretary of the Ministry of Textiles and Jute (MoTJ) Nasima Begum.

Bangladesh government is actively considering lifting its ban on raw jute export due to adequate supply of the fibre in domestic market. Hopefully, the restriction will go from the first week of April, said Joint secretary of the Ministry of Textiles and Jute (MoTJ) Nasima Begum.

However, private jute millers expressed their concern over the fresh move of the government to withdraw the export ban as they will face difficulties to meet the local demand. They said that the raw jute prices will go up if ban is withdrawn.

http://www.thefinancialexpress-bd.com/2016/03/23/22749
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