Cotton prices in the domestic Australian market will remain strong at above AUD 520 per bale through 2017-18, according to a report by Rabobank. The report cites currency weakness, the premium for Australian cotton (largely due to its quality) and global economic recovery as the three factors underpinning the local sector’s profitability in the near term.
Beyond the next 12 months, there is a cause for optimism, largely due to the prospect of recovering Chinese import demand, says the Austral
Textiles and jute minister Emaz Uddin Pramanik on Wednesday told parliament that export of jute goods to India have been affected after New Delhi imposed antidumping duties on the jute products from Bangladesh.
Export of jute goods to India came down to Tk 50 crore this year from usual Tk 275 crore to Tk 300 crore per year as the country imposed antidumping duties on jute products from Bangladesh, Emaz Uddin Pramanik said while replying a query of ruling Awami League lawmaker Ummey Razia Kajo
Slow trading was witnessed on the cotton market on Tuesday as buyers remained away from the market and only a few deals took place. The Karachi Cotton Association cut its spot rate by Rs50.
Brokers said buyers were showing less interest despite the fact that new cotton season has started.
They said that as the Punjab government had discouraged early sowing in the country, buyers were waiting for the assessment of crop size which would take a few more days.
The government should announce
