YnFx logo
FacebookFacebookFacebook

News Tags

warning: Creating default object from empty value in /var/www/html/html/vhosts/ynfx_drupal/modules/taxonomy/taxonomy.pages.inc on line 33.

Uzbek’s special working group to hold bilateral trade dialogue with Pak

Related Keywords: A ten member Special Working Group, cotton export, Deputy Chairman, established by Government of Uzbekistan, establishment of direct contacts with partners in Pakistan, explore new perspectives of export and import between two countries, headed by Nodir Atajanov, initiate talk to develop bilateral trade relations with Pakistan, Textile Industry

A 10-member Special Working Group established by the Government of Uzbekistan and headed by Nodir Atajanov, the Deputy Chairman to initiate talk to develop bilateral trade relations with Pakistan has arrived Islamabad. The Group will meet with officials of Pakistan and organize presentation in Chambers of Commerce and Industries of Islamabad and Lahore, according to Uzbekistan Embassy in Islamabad.

China halves spun yarn and cotton import from India

Related Keywords: China yarn import, cotton export, cotton yarn, spun yarn, Vietnam yarn import, yarn export

India exported 101.8 million kg of spun yarns worth US$283 million or INR1,881 crore in June 2016 at an average realisation of US$2.78 per kg. This was significantly lower compared to same month a year ago. Export volume was down 12% YoY and value declined 17% in US$ terms. The drop also reflects the lean season for global textile industry in this part of the year.

Pakistan’s cotton yarn import from India up by 94% YoY

Related Keywords: Carded yarn exports, Combed cotton yarn exports, cotton export, cotton yarn export from india, cotton yarn export to Bangladesh, cotton yarn export to Pakistan, cotton yarn exports value, cotton yarn exports worth, cotton yarn import in bangladesh, cotton yarn import in china, cotton yarn import in Pakistan, countries importing cotton yarn, Indian yarn market, Indian yarn prices, India’s textile exports, Pakistani spinners

In December 2015, cotton yarn export was at 98.8 million kgs with 76 countries importing yarn worth US$266 million (INR1,760 crore) during the month. The average unit price realization was unchanged from November 2015, however, it was down US cents 26 as compared to December 2014.

China was the largest importer of cotton yarn from India in December, followed by Bangladesh and Pakistan. The top three together accounted for more than 57 per cent of cotton yarn exported from India during the month.

Spinners ask government to provide capital subsidy

Related Keywords: cotton export, cotton spinners, cotton yarn processing, energy saving machines, fabric processing, hank yarn, textile subsidy, the Corporation of India, the South India Spinners’ Association

Spinners are planning to reduce the cost of energy consumed by purchasing new energy efficient motors and energy saving electrical equipment. Therefore, the South India Spinners’ Association has proposed the State Government to provide capital subsidy on these energy saving machines.

Thailand buys cotton from India

After the declined cotton imports from China this June, India is all set to scale up its cotton exports to Thailand. One of the biggest mills in Thailand has shown interest in purchasing cotton from India after having samples approved.

China, the world’s biggest buyer, has imported less fibre this year which has affected Indian exports. China has been the largest importer of Indian cotton over the last three years.

Related Keywords: cotton export, cotton export to Bangladesh, cotton export to Thailand, cotton import in Thailand, declined cotton imports from China, Indian cotton demand, Thailand has shown interest in Indian cotton

Govt revises cotton output estimate to 39 mn bales for current marketing year

Related Keywords: Cotton Advisory Board, cotton corporation of India, cotton export, cotton growing states, Cotton production estimate, due to unseasonal rains, hail storms, MSP, revised for current marketing year, Santosh Gangwar, Textile Minister, TUFS

The government has revised its cotton production estimate for the current marketing year due to unseasonal rains and hail storms across the county from 40 million bales to 39 million bales. Cotton crop prospects adversely impacted particularly in the central zone, textile minister Santosh Kumar Gangwar said in a written reply to the Lok Sabha. One bale equals 170 kg.

The main cotton growing states include Rajasthan, Telengana, Andhra Pradesh, and Tamil Nadu. Total demand is estimated to be at 39 million bales in 2014-15, compared to 41.68 million bales in the previous season.

Tajikistan focus to raise cotton yield as it reduces acreage

Related Keywords: build textile plant, cotton export, cotton fiber, Cotton growers, cotton using industries, increase cotton yield, lacking raw material, latest technology and scientific achievement, reduce acreage, Tajik cotton farmer, Tajik textile, textile factory, try out productive foreign seeds

Tajik cotton farmers focusing on increasing its cotton yields for which they are trying out more productive foreign seeds, even as it reduces the acreage devoted to the water-intensive crop.

In the interest of crop diversity and due to ecological concerns, the country's farmers have reduced the farmland planted under cotton by more than 26,000ha to 177,624ha between 2011 and 2014. Over the same period, nationwide cotton production dropped from 415,000 tonnes to 372,000 tonnes per year.

Cotton prices showing signs of recovery over the last one month

Related Keywords: CAI, change in Chinese reserve policy, cotton export, cotton prices, cotton season, decline in prices, demand for better quality, domestic consumption, explore new market, ICE, showing signs of recovery

In the last week of January cotton prices ruled at at Rs14,420 a bale (170 kg) – near a five-year low which is some 14 percent below the levels seen at beginning of the cotton season, which began in October. However, cotton prices have now been showing signs of recovery over the last one month.

Decline in prices is attributed mainly to record domestic production and waning exports to China due to change in its reserve policy.

Indian cotton exports likely to end up between 7 to 7.5 million bales for the current year

Related Keywords: Bangladesh, China, Cotton Advisory Board, cotton bales, cotton export, cotton exporter, cotton price, new cotton season, Pakistan, Southeast Asian markets, Thailand, Vietnam spinning cotton

With the new cotton season (Oct-Sept) beginning, cotton exports in the country have started to pick up but it is unlikely to meet the estimates of 9 million bales put forward by the Cotton Advisory Board for the 2014-15 cotton season.

According to Prerana Desai, head of research with Edelweiss Commodities they see exports almost 20% lower than what has been estimated by CAB as China, a big buyer is facing slow down and there local Government is pushing for use of higher local material. However, two third of India's cotton exports still directly destined to China.

Cotton prices in India witnessed fall to lowest levels this year

Related Keywords: cotton export, cotton prices, cotton production, dull deman, ICF, new cotton arrival, reduced imports from China, Shankar-6 variety, SIMA, staple cotton, zero forward deals

Almost zero forward deals with exporters seen this season as China reduced its imports from India, record-high acreage as well as cotton production, along with dull demand from mills has resulted in fall in cotton prices and it will be the lowest in last one year.

Cotton prices have fallen to the lowest levels in the current cotton year (October 2013-September 2014), at Rs 33,000-34,000 a candy (356 kg). Demand for cotton in terms of exports will also be low.

Copyright © 2014 Centerac Technologies Limited. All Rights Reserved
-->
feedback button