Mali says cotton output to reach 1 mln tonnes

Related Keywords: African, Agriculture, cotton, export, Malian, raw cotton, Textile, World Trade Organization

Mali
Mali says cotton output to reach 1 mln tonnes
Summary: 
Major African cotton producer Mali expects to increase output to 1 million tonnes annually within two to three years as it mulls new cotton varieties to boost yields, its agriculture minister said in an interview on Monday. Mali is targeting a record 2019/20 cotton crop of 800,000 tonnes this year which is expected to make it the top producer in Africa, edging out rival Burkina

Major African cotton producer Mali expects to increase output to 1 million tonnes annually within two to three years as it mulls new cotton varieties to boost yields, its agriculture minister said in an interview on Monday.

Mali is targeting a record 2019/20 cotton crop of 800,000 tonnes this year which is expected to make it the top producer in Africa, edging out rival Burkina Faso.

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CCI buys bales of cotton

Related Keywords: buying cotton, Cotton Association of India (CAI), Cotton Corporation of India (CCI), cotton prices, fibre crop, procurement, raw cotton

India
CCI buys bales of cotton
Summary: 
As cotton prices ruled firm for most of the 2018-19 marketing season starting October, the state-run Cotton Corporation of India (CCI) could purchase only 10.7 lakh bales under the MSP scheme. The bulk of the procurement — over 70 per cent — has been from Telangana followed by Maharashtra. According to CCI, market arrivals of cotton till April 1 stood at 254 lakh bales of 170 kg each. The Cotton Association of India (CAI), the apex

As cotton prices ruled firm for most of the 2018-19 marketing season starting October, the state-run Cotton Corporation of India (CCI) could purchase only 10.7 lakh bales under the MSP scheme. The bulk of the procurement — over 70 per cent — has been from Telangana followed by Maharashtra.

According to CCI, market arrivals of cotton till April 1 stood at 254 lakh bales of 170 kg each. The Cotton Association of India (CAI), the apex trade body, had pegged the crop size at 328 lakh bales for the year.

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Cotton prices decline amid dull buying

Related Keywords: cotton exporter, Cotton futures, cotton harvest, international cotton prices, raw cotton, yarn makers, yarn mills

Mumbai
Summary: 
Cotton futures on the Intercontinental Exchange (ICE) will have a direct impact on Indian prices. ICE cotton futures traded at 74.13 cents on Wednesday. Any spurt in ICE will make a favourable case for Indian cotton exports. Atul Ganatra, President, Cotton Association of India (CAI), the apex trade body comments, “Uncertainty still looms over the trade truce between the US and China. This is causing a range-bound movement for cotton. Indian cotton prices have now bottomed out as there is no room for further correction. Ginners are already facing costly inputs due to the increased minimum support price (MSP).”

Cotton futures on the Intercontinental Exchange (ICE) will have a direct impact on Indian prices. ICE cotton futures traded at 74.13 cents on Wednesday. Any spurt in ICE will make a favourable case for Indian cotton exports. Atul Ganatra, President, Cotton Association of India (CAI), the apex trade body comments, “Uncertainty still looms over the trade truce between the US and China. This is causing a range-bound movement for cotton. Indian cotton prices have now bottomed out as there is no room for further correction.

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High performance company produces 24,000 tons of cotton knit fabric

Related Keywords: cotton knit fabric, fabric production and finishing, garmenting, global textile and fashion labels, raw cotton, textile manufacturer, vertical supply chain, yarn dyed cotton woven fabric, yarn spinning

Germany
Summary: 
Since its establishment in 1978 Esquel Group has developed into a high-performance company and produces 24,000 tons of cotton knit fabric and 130 million meters of yarn dyed cotton woven fabric each year. The group has established a vertical supply chain, which means that everything from raw cotton, yarn spinning, fabric production and finishing, garmenting as well as packaging is controlled by Esquel. In this way highest quality standards can be guaranteed. Furthermore Esquel also occupies a leading market position in advanced textile technology, fair employment conditions and, above all, commitment to sustainability. In order to become a ‘green player’ along the entire supply chain, a strong corporate culture and reliable partners are required. For almost 30 years now, Esquel is trusting in the machines and technology of Mahlo GmbH + Co. KG. The German machine manufacturer is the world market leader in weft-straightening machines as well as quality and process control systems.

Since its establishment in 1978 Esquel Group has developed into a high-performance company and produces 24,000 tons of cotton knit fabric and 130 million meters of yarn dyed cotton woven fabric each year. The group has established a vertical supply chain, which means that everything from raw cotton, yarn spinning, fabric production and finishing, garmenting as well as packaging is controlled by Esquel. In this way highest quality standards can be guaranteed.

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APTMA suggests withdrawal of custom duty and sales tax on the import of cotton and polyester staple fibre

Related Keywords: cotton and Polyester Staple Fibre, cotton crop, Cotton Yarns, import levies, raw cotton, spinning industry, Textile Industry

Lahore
Summary: 
The APTMA spokesman has expressed alarm over the cut of regulatory duty on the import of cotton yarns from 10% to 5. The duty was charged to restrict strident increase in import of undervalue and subsidized cotton yarn entering in our domestic commerce. APTMA spokesman termed it as contrary to the cascading principle of tariff, saying that the domestic spinning industry is fighting for its survival as both its major raw materials i.e. cotton and Polyester Staple Fibre are strained with the imposition of import levies despite shortage in domestic production.

The APTMA spokesman has expressed alarm over the cut of regulatory duty on the import of cotton yarns from 10% to 5. The duty was charged to restrict strident increase in import of undervalue and subsidized cotton yarn entering in our domestic commerce. APTMA spokesman termed it as contrary to the cascading principle of tariff, saying that the domestic spinning industry is fighting for its survival as both its major raw materials i.e. cotton and Polyester Staple Fibre are strained with the imposition of import levies despite shortage in domestic production.

https://nation.com.pk/19-Oct-2018/aptma-urges-govt-to-withdraw-st-on-cotton-psf-import
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India manages to remain as the world's second largest textiles and clothing exporter

Related Keywords: cotton prices remaining stable and ruling at lower levels compared to the international market, fabric, global cotton yarn trade during 2015, handloom, hosiery yarn, increased fabric demand, largest textiles and clothing exporter, made-ups, Merchandise Exports from India Scheme, moving yarn counts, open-end yarn, Prices of Shankar 6, raw cotton, Southern India Mill’s Association, surplus spinning capacity, Vietnam cotton yarn, yarn imports, yarn market, yarn prices, yarn used for weaving

Coimbatore
Summary: 
Prices of Shankar 6, the popular cotton variety used by mills, are ruling at around Rs 43,000 per candy (a candy is about 355 kgs). The landed cost for imported cotton of a similar variety works out to Rs 48,000-50,000 per candy. Especially in the export market, cotton prices are ruling lower than the international market giving mills the much needed momentum.

Prices of Shankar 6, the popular cotton variety used by mills, are ruling at around Rs 43,000 per candy (a candy is about 355 kgs). The landed cost for imported cotton of a similar variety works out to Rs 48,000-50,000 per candy. Especially in the export market, cotton prices are ruling lower than the international market giving mills the much needed momentum.

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Waste cotton traders seek removal of market cess

Related Keywords: implementation of GST, raw cotton, tax on cotton, tax on waste cotton, Waste cotton traders

Tamil Nadu
Summary: 
R. Senthil, co-ordinator of the waste cotton trader's association, said raw cotton attracts 1 % cess in the State and waste cotton also attracts 1 % market cess.After the implementation of GST most of the States that were collecting the cess have removed the tax levied on cotton or waste cotton.Tamil Nadu contintues to collect it.

R. Senthil, co-ordinator of the waste cotton traders's association, said raw cotton attracts 1 % cess in the State and waste cotton also attracts 1 % market cess.After the implementation of GST most of the States that were collecting the cess have removed the tax levied on cotton or waste cotton.Tamil Nadu contintues to collect it.

Under GST, cotton attracts 5 % duty. Hence, there is no need for another cess, he said. About 10,000 traders handle up to eight lakh kg of waste cotton a month in the State.

http://www.thehindu.com/todays-paper/tp-national/tp-tamilnadu/plea-to-remove-cess/article23622802.ece
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CCI aims to procure 100 lakh bales this season

Related Keywords: CCI, cotton arrivals beginning in full swing, cotton corporation of India, Cotton prices going down below MSP, in a couple of states, India Cotton Federation, kapas, Minimum Support Price (MSP) or market prices this season, prepared to procure some 100 lakh bales of cotton, purchase centres, raw cotton

New Delhi
CCI aims to procure 100 lakh bales this season
Summary: 
The Cotton Corporation of India (CCI) is prepared to procure some 100 lakh bales of cotton either at Minimum Support Price (MSP) or market prices this season with the cotton arrivals beginning in full swing, according to CCI chief MM Chokalingam. So far this season CCI has already purchased some 62,000 bales of cotton at Minimum Support Price (MSP).

The Cotton Corporation of India (CCI) is prepared to procure some 100 lakh bales of cotton either at Minimum Support Price (MSP) or market prices this season with the cotton arrivals beginning in full swing, according to CCI chief MM Chokalingam. So far this season CCI has already purchased some 62,000 bales of cotton at Minimum Support Price (MSP).

http://www.financialexpress.com/industry/cci-procures-62k-bales-at-msp-aims-to-buy-100-lakh-bales-this-season/925370/
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Uzbekistan signs contracts worth over $1 bn for export of textile products

Related Keywords: at 13th International Uzbek Cotton and Textile Fair, companies from Russia, export of finished, grows about 3.5 million tons, many other countries, Moldova, more than $1 billion, produces 1.1 million tons of cotton fiber annually, raw cotton, semi-finished textile products, Singapore, South Korea, Turkey, Uzbekistan signed contracts

Tashkent
Uzbekistan signs contracts worth over $1 bn for export of textile products
Summary: 
Uzbekistan the world’s sixth largest cotton producer has signed contracts with companies from Russia, Turkey, South Korea, Singapore, Moldova and many other countries for the export of finished and semi-finished textile products for more than $1 billion during the recent 13th International Uzbek Cotton and Textile Fair held in Tashkent.

Uzbekistan the world’s sixth largest cotton producer has signed contracts with companies from Russia, Turkey, South Korea, Singapore, Moldova and many other countries for the export of finished and semi-finished textile products for more than $1 billion during the recent 13th International Uzbek Cotton and Textile Fair held in Tashkent.

http://in.fashionnetwork.com/news/Uzbekistan-signs-textile-export-contracts-worth-over-1-bn,885662.html
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New hand held machine developed to make cotton plucking easier, cheaper

Related Keywords: developed a new device, ensure clean cotton, farmers usually pluck manually, hand held machines that run on batteries, in association Coimbatore-based Sharp Industries, pluck kapas, raw cotton, save labour cost for farmer, Southern India Mills Association - Cotton Development and Research Association, strengthen area under cotton cultivation

Coimbator
New hand held machine developed to make cotton plucking easier, cheaper
Summary: 
The Southern India Mills Association - Cotton Development and Research Association(SIMA-CD&RA) in association with Point Industries, a sister concern of the Coimbatore-based Sharp Industries has developed a new device to pluck kapas (raw cotton) a hand held machines that run on batteries, which farmers usually pluck manually.

The Southern India Mills Association - Cotton Development and Research Association(SIMA-CD&RA) in association with Point Industries, a sister concern of the Coimbatore-based Sharp Industries has developed a new device to pluck kapas (raw cotton) a hand held machines that run on batteries, which farmers usually pluck manually.

http://www.thehindubusinessline.com/economy/agri-business/cotton-plucking-gets-easier-and-cheaper/article9854431.ece
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