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Related Keywords: action plan presented, by 45 percent by 2025, cotton consumption, existing incentives for sugarcane, increase its cultivation areas, increasing the cotton production, Meeting of the federal cabinet, recommendation to rationalize

At a meeting of the federal cabinet, action plan was presented for increasing the cotton production and increase its cultivation areas by 45 percent by 2025 in the country, with recommendation to rationalize existing incentives for sugarcane.

According the minutes of the meeting, the cabinet was informed that due to different factors cotton production had faced virtual stagnation since 1991-92, which had been fluctuating between 10 and 12 million bales, with a disastrous fall to 9.9 million bales in 2015-16.

Related Keywords: activity remained dull, cotton consumption, Cotton prices remained steady, ginning units, Interna¬tional Cotton Advisory Committee, KCA spot rates remained firm, resumed on Tuesday after Eidul Azha holidays, seed cotton arrival, thin attendance of traders, Trading on the cotton market

Trading on the cotton market resumed on Tuesday after Eidul Azha holidays, however activity remained dull due to thin attendance of traders. The KCA spot rates remained firm at pre-Eidul Azha level.

However, cotton prices remained steady as there was demand and according to brokers around 4,000 to 5,000 bales were finalised at the rate ranging from Rs6,000 to Rs6,075 per maund.

Related Keywords: arrival of new crop, cotton consumption, cotton grower, Cotton market, cotton price, face declining trend, ginning factories, ginning new crop, lint cotton price, seedcotton price, yarn price weak

Cotton market is facing declining trend with the arrivals of new crop (August 2015 / July 2016), The lint cotton prices have dropped by Rs350 to 400 per maund (37.32 kgs) while seedcotton prices have red a declined by Rs 500 to Rs 600 per 40 Kilogrammes. The new crop seedcotton prices are presently said to be ruling from Rs 2300 to Rs 2500 per 40 Kgs, according to the quality. In the Punjab, seedcotton prices from the new crop said to range from Rs 2500 to Rs 2600 per 40 kilogrammes.

Related Keywords: apparel products, cotton consumption, cotton from Chinese reserves, cotton imports, next season, reduced demand for yarn, slow down, strong trade with China, US Department of Agriculture, Vietnam textile and clothing, yarn shipment

Vietnam is ranked amongst the world’s top 5 nations in textile and clothing exports. The exports of textile and apparel products continued to grow in 2014 despite the difficulties in global economy.

But its strong growth of cotton imports is likely to slow next season. The deceleration forecast for next season reflects ideas of reduced demand for yarn by China, where authorities are attempting to boost use of domestic supplies, and erode the huge inventories that the country ran up through a generous guaranteed pricing regime, that was withdrawn last year.

Related Keywords: Abares Commodities bureau, average nine year low, Cotlook, cotton consumption, cotton prices, farm subsidy regime in China, further decline next season, large world stock, onto the world market, release cotton holdings, World cotton price

World cotton prices likely to see further decline next season, to their lowest since 2006-07, despite some attrition in world stocks. According to the Abares Commodities bueau, cotton prices, as measured by the Cotlook A index of physical values, will average a nine-year low of 60.4 cents per pound in 2015-16, down from a forecast 70.3 cents per pound for this season.

Separately, the International Cotton Advisory Committee restated a forecast of the Cotlook A averaging 68 cents a pound this season.

Related Keywords: China to end stockpiling program, cotton consumption, cotton prices, create jobs, fiber to be imported, invest billions of dollars, NDRC, store in state reserves, Subsidies, textile factories, U.S. Department of Agriculture, weak market price, XPCC

China has assured to end a costly stockpiling program that has artificially exaggerated cotton prices. The Xinjiang Production and Construction Corps (XPCC) reluctant to accept the current weak market price, has urged the government to buy part of its crop and store it in state reserves, said two trade sources with knowledge of the issue.

XPCC, also known as the army corps, or 'bingtuan', has become a sort of state within a state and gained a dominant role in industries such as cotton, where it employs about 200,000 mainly Han Chinese on some of Xinjiang's best land.

Related Keywords: cotton consumption, cotton prices, cotton stocks, Karachi Cotton Association, Pakistan textile industry, Spinners

Strong buying from spinners and some exporter moved up cotton prices by Rs50 to Rs100 on Thursday at the Pakistan cotton market. Many millers
rushed to replenish their stocks at current price level in the wake of higher cotton consumption figures released by the ginners’ body.

Much of the activity, however, remained confined to quality lint. As the current season is drawing to a close, quality lint is in shortage, hence expensive.

Related Keywords: Bangladesh, China, cotton advisor board, Cotton Association of India, cotton bales, cotton consumption, exportable surplus, higher domestic cotton price, Indian cotton exports

Cotton exports is estimated to be between 6.5-7 million bales (1 bale = 170 kgs) this year by trade source as against 11.8 million bales shipment estimated by the Cotton Advisory Board (CAB) during last year. Decline by about 45% this year (October – September) on falling demand from its perennial importers i.e. China and Bangladesh.

China, the largest importer of Indian cotton has reduced cotton import from India in recent months. The second largest Bangladesh has also lowered its dependence on India due to higher domestic cotton prices.

Related Keywords: cotton consumption, cotton industry, cotton production, cotton yarn, domestic market, Indian textile industry, SIMA

The textile industry is on growth track, as the year 2013-14 as turned up to be encouraging with no shortage of cotton yarn at any point of time during 2013-14 was seen in the domestic market, according to T Rajkumar, Chairman, Southern India Mills Association (SIMA).
 

Related Keywords: cotton consumption, cotton production, export estimate, global demand, Indian cotton industry

India, the world's second-biggest cotton producer with strong global demand flowing from buyers beyond China as increased its export estimate for the crop year ending September by 27 per cent on Wednesday.
 
The new estimate of 11.4 million bales is also higher than India's shipments last year and could further pressure New York cotton futures that hit their lowest in about one and half years on Tuesday. (1 Indian bale = 170 kg)