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Related Keywords: bales of cotton, cotton bale, cotton corporation of India, cotton storage, Ginners, MSP for cotton

P. Alli Rani, Chairman and Managing Director of CCI, told that the Cotton Corporation would need space in 500 to 600 warehouses. The Cotton Corporation purchased 3.6 lakh bales of cotton at MSP (minimum support price) during the current cotton season (October 2017 to September 2018). However, with the steep hike in MSP for cotton, the CCI might have to purchase huge quantities next season (October 2018 to November 2019).

Related Keywords: bales of cotton, competition in the international market, cotton, High quality raw material, impact of rupee depreciation on the textile industry, imported by brands, national exports, Textile, textile exports, textile group, textile producers

All Pakistan Textile Mills Association (Aptma) Patron-in-Chief Gohar Ejaz said the government had recently halved tax rebates that stood at 4-7% and thus things turned unfeasible for textile producers. Ejaz said Pakistan had only adjusted its exchange rate by letting the rupee weaken, but it won’t impact national exports. He said that the rupee had been artificially stabilised at Rs 105 per dollar for the past five years.

Related Keywords: 40-count of cotton yarn, bales of cotton, China, cotton yarn, raising tariffs on import from the US, Shankar-6 variety of cotton, spinning sector, yarn maker, yarn prices

After raising tariffs on import from the US, China has contracted to import 500,000 bales (one bale = 170 kg) of cotton from India and the new orders are in addition to the regular ones. Against its consumption of 45 mn bales China produces nearly 32 million bales of cotton annually. India exported nearly a million bales to China last year. As a result, our overall cotton export is likely to rise 21 per cent to seven million bales for the cotton year ending this September, from 5.8 mn bales the previous year.

Related Keywords: bales of cotton, Pakistan ginneries, PCGA, seed cotton, textile mill

Seed cotton (Phutti) equivalent to over 21,97,801 bales of cotton have reached ginneries across Pakistan as of September 15, showing a decrease of 20.10 percent compared to corresponding period last year when ginneries received 27,50,563 bales, as per figures issued of cotton arrival in the second fortnightly report of Pakistan Cotton Ginners Association (PCGA) up to September 15, 2015.

Related Keywords: bales of cotton, Ginners group, Pakistan Cotton Ginners Association (PCGA), Pakistan cotton market, PCGA, re-sampling of cotton, restoration of contracts, review purchasing plan, Trading Corporation of Pakistan

Trading Corporation of Pakistan (TCP) has been asked to review its purchasing plan by Pakistan Cotton Ginners Association (PCGA) and Ginners group as more than two million bales of cotton are lying unsold in their stock.

PCGA has called upon the government to act upon its plan to purchase one million bales of cotton through Trading Corporation of Pakistan (TCP) and issue clear cut orders for restoration of contracts and re-sampling of the cotton lying in different ginneries.