Trading on the cotton market was slow on Friday amid subdued demand from spinners and global slowdown. Floor brokers said a downtrend in the New York cotton market for the last four days pushing down all the future contracts below 60 cents per lb and a long closure of Far-Eastern and Chinese markets on account of Lunar New Year kept activity slow. Moreover, many spinning mills facing financial crisis were operating much below their capacity, with a couple of units having already shut down

The All Pakistan Textile Mills Association on Friday urged the government to announce the Strategic Trade Policy Framework immediately, saying an undue delay would push the textile industry exports further down. “Textile exports have reduced by 14 per cent over the last six months and if this trend persists, it will lead to a reduction of $3.5 billion in exports by the year-end,” Aptma Punjab Zone Chairman Aamir Fayyaz said while addressing a press conference. He pointed out that the cotto

There is finally some good news for India's cotton exporters. The country's cotton shipments are expected to rise more than 21 per cent to 70 lakh bales during 2015-16 on the back of a spike in demand from Pakistan.Textile Commissioner Kavita Gupta told reporters in Mumbai that exports during the previous cotton season, which begins from October 1, stood at 57.72 lakh bales."The demand in Pakistan has grown due to crop damage in Punjab region. Almost 33 per cent of cotton crop in Pakistan has be

The Brazilian CEPEA/ESALQ Cotton Index rose 16.91 per cent in January 2016, the highest level reached since May 2011. Explaining the reasons in a press release, CEPEA said with decreasing export parity and purchasers demanding cotton for prompt deliveries, producers' asking prices stayed firm in the domestic market. On January 28, the Index reached the highest level since May 2011, at 2.6232 BRL or $0.644 per pound. According to CEPEA, the monthly average of January, at 2.4482 BRL or $0

The total seasonal arrival of cotton in India has dropped by 19% so far this year as compared to arrivals during the same period last year and this is because of the dull demand from domestic mills and increased holding capacity among farmers. By the end of January 2016, the country's total seasonal cotton arrival was about 17.02 million bales (a bale of 170 kg) as compared to 21 million bales by the end of January 2015. However, as compared to the total estimated cotton production of 36 m

Trading was slow on the cotton market on Wednesday in the wake of depressed phutti (seed cotton) arrival figures. Much of the buying remained around low quality lint because of short supply of quality cotton. Floor brokers said that steady flow of buying orders for low quality cotton kept prices steady but big spinners were conspicuous by their absence. The market should have rebounded under normal circumstances but since the textile industry is facing financial crisis there was no immediate

Pakistan’s cotton production has plunged 33 per cent to 9.612 million bales this season, the Pakistan Cotton Ginners Association (PCGA) said on Wednesday. The industry believes that such a huge shortfall would not only hurt the economy, but also have far-reaching social implications. Cotton experts estimate that the shortfall would inflict a loss of around $6 billion to the country’s GDP. Output in Punjab is lower by 44pc as the province has produced 5.857m bales this season compared

After three decades of focus on demand-side, the Chinese government has in recent months turned its focus on supply-side reforms in its bid to sustain growth momentum seen over the last few years, according to Chinese media reports. The rapid growth witnessed by the Chinese economy during the last 30 years had capital investment, exports and consumption as its focus areas, which are all generally considered demand-side parameters. For example, in 2008, following the sub-prime crisis in the U

India’s cotton exports during the previous cotton season, which begins from October 1, stood at 57.72 lakh bales. During the 2015-16 season, cotton exports are expected to rise by 21.27 per cent to 70 lakh bales (170 kg each) mostly due to rise in demand from Pakistan, a senior official said today. Textile Commissioner Kavita Gupta said that this year, Pakistan will overtake Bangladesh as the top importer of Indian cotton as the demand in Pakistan has grown due to crop damage in Punjab region

Pakistan likely to see a fall in cotton consumption to 2.2 million tons, a decline by 12 percent this year, by consuming 2.2 million tons of cotton it would be exporting around $13 billion of textile products. This was revealed in the monthly cotton update by the International Cotton Advisory Committee (ICAC). While Bangladesh and Vietnam with the same combined consumption on the strength of 22 percent and 13 percent increase in their cotton use would generate exports of over $54 billion. Thi