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Alassolar exports its first cotton thread consignment to Portugal

Related Keywords: 000 through export, Alassol, Angolan textile company, based in municipality of Benguela, containing 156 toness, continue production, cotton thread to Portugal, entered into export business, exporting its first 15 containers, import raw material, invoiced US$500, lack of foreign currency in Angola, overcome, Portugal textile factories

Alassola an Angolan textile company based in the municipality of Benguela in Angola’s central coastal region has entered into export business by exporting its first 15 containers containing 156 toness of cotton thread to Portugal. The company has invoiced US$500,000 through the export of its first consignment recently, said company chairman Tambwe Mukaz. Such exports to Portugal textile factories will allow the company to overcome the lack of foreign currency in Angola and to import raw material and continue production.

Pakistan cotton market witnessed surge in trade turnover by 20pc

Related Keywords: continue production, during commodity off season, Karachi cotton exchange, Pakistan local cotton market, rushed to develop inventories, short supply of quality lint, Spinners, spot rate, textile mill owners, witnessed surge in trade turnover

Local cotton market in Pakistan witnessed surge in trade turnover by 20 percent to 15,200 bales (of 155 kilogram) as spinners and many of the textile mill owners rushed to develop inventories to keep continue their production during the commodity’s off-season (March-June) on fears of short supply of quality lint, said a dealer on Friday.

Those, who have yet not built inventories with prime quality cotton, are acquiring it ahead of the off-season, said a broker at Karachi Cotton Exchange, adding the size of unsold cotton stock stood around 1.1 million bales in the current season.

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