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Related Keywords: China subsidy regime, cotton demand, increase in cotton consumption, lower cotton prices, Pakistan cotton imports, rising cotton import trend, textiles industry, to rise, US Department of Agriculture bureau, weaker domestic cotton production

Cotton imports of Pakistan are likely to rise per the figures of the US Department of Agriculture bureau in Islamabad which predicts an import of 2.0m bales of cotton in 2015-2016, the highest in 8 years.

The reason for the rise in imports is mainly subjected to the increase in cotton consumption. Pakistan cotton consumption of 11.35m bales in 2015-16, starting in August, would represent the highest figure since 2007-08 – before the world financial crisis which hit demand for the fibre, as an industrial commodity, particularly badly compared with that for food crops.

Related Keywords: China, cotton demand, cotton import quota, global price, quality cotton, quality cotton in Australia, yarn

The decision to keep cotton import quota unchanged at 894,000 tonnes for 2015 by China the world’s largest cotton consumer it is likely that there will still be demand for cotton, even at the 40 percent tariff for non-quota imports. But the market has taken it as a bearish signal that is likely to put further downward pressure on global prices.

The benchmark second-month cotton contract on ICE Futures U.S. ended Dec. 12 at 61.07 U.S. cents a pound, up from the five-year low of 58.53 cents on Nov. 24, but down almost 28 percent since the start of the year.

Related Keywords: cotton, cotton demand, country's revenue earning, Ethiopia cotton industry, importing cotton, improve cotton production, Minister Ahmed Abitew, raw material, Textile Industry

Ethiopia has been witnessing shortage of cotton since recent years which has become a challenge for the effectiveness of the textile industries. The Government of Ethiopia is working out short and long term mechanisms to address challenges facing the textile industry in terms of raw material shortage, said the Minister Ahmed Abitew, the Ministry of Industry.

The increasing demand for cotton among industries and low level of supply are the main drives for the shortage.

Related Keywords: China, cotton demand, cotton growing area, Cotton Yield, deputy head of the National Development and Reform Commission, forecast to plunge

The cotton growing area in China in the 12 months is expected to decline to 63.40 million mu (about 4.23 million hectares), down 9.4 percent from the previous year, and the cotton yield is also forecast to plunge by half a million tonnes to 6.5 million tonnes, according to Lian Weiliang, deputy head of the National Development and Reform Commission.

While, cotton demand in China is expected to exceed its domestic supply by two million tonnes in the year from September 2014 to August 2015, as per official data showed on Thursday.

Related Keywords: 7 lakh cotton bales, Bangladesh cotton industry, cotton demand, cotton farming project, Extended Cotton Farming Project, Tk 105 crore project

At present Bangladesh produces only 1 lakh bales of cotton, which meets only 2-3 percent of the garment industry's demand. To meet the growing demand of the garment industry, currently the government has to spend around $4.5 billion a year to import cotton.

The Bangladeshi government has taken up a Tk 105 crore project to increase raw cotton production, as only 3 percent of which is now collected from local producers.

Related Keywords: cotton demand, cotton yarn import, purchasing power, spinning mills, yarn production

With China continuing to decrease cotton yarn imports from India, demand for cotton from domestic spinning mills for producing yarn is set to decline, it is also low purchasing power that has led to fall in demand for cotton.
 
According to K Selvaraju of South Indian Mills Association (SIMA) there have been fall in demand since April 15-20%, due to that cotton prices have already declined by around Rs 500 per candy and are expected to decline by another Rs 1000-2000 per candy owing to poor demand from spinning mills.
 

Related Keywords: average cotton yield, bales, cotton demand, cotton production, extra-long staple cotton, Indian cotton advisory board

The Indian Cotton Advisory Board has marked cotton production on the higher side this year at 39 million bales compared to 36.5 million bales last year while the total demand for cotton this cotton year is pegged at 40.1 million bales compared to 38.4 million bales last year.

Due to improved quality of the seeds, India’s average cotton yield in 2013-14 has increased by nine percent to 565.36 kg per hectare (ha) despite the area under cotton dropped to 11.73 million ha compared to 11.98 million ha in 2012-13.

Related Keywords: cotton demand, cotton industry, cotton price, fibre, raw cotton

Limited demand for cotton kept prices unmoved on Friday. This time about 32,000 bales (of 170 kg each) of the fibre arrived in Gujarat and 1 lakh bales across the country.

According to traders, mostly domestic mills were buying at this time and export demand was very nominal. This time, cotton price may rule in the coming days as fresh demand might be hard to obtain.

Gujarat Sankar-6 cotton traded at Rs.43,800-44,000 for a candy of 356 kg. B grade cotton stood at Rs.41,000-42,000 and lower grade cotton was quoted at Rs.36,000-37,000.