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Related Keywords: cotton exporter, Cotton futures, cotton harvest, international cotton prices, raw cotton, yarn makers, yarn mills

Cotton futures on the Intercontinental Exchange (ICE) will have a direct impact on Indian prices. ICE cotton futures traded at 74.13 cents on Wednesday. Any spurt in ICE will make a favourable case for Indian cotton exports. Atul Ganatra, President, Cotton Association of India (CAI), the apex trade body comments, “Uncertainty still looms over the trade truce between the US and China. This is causing a range-bound movement for cotton. Indian cotton prices have now bottomed out as there is no room for further correction.

Related Keywords: cotton exporter, cotton farming, Cotton processing, cotton producer, finished textile goods, moving away, profitable, raw cotton, Uzbekistan, Uzbekistan textile industry, X International Uzbek Cotton and Textile Fair

Uzbekistan, the Central Asian country has started focusing on production of finished textile goods rather than of raw cotton. It is slowly trying to transition away from its traditional strength of cotton farming going on for generations. As, cotton farming requires a huge amount of water, a great difficulty for dry Uzbekistan.

Though the Uzbek economic picture has evolved, cotton remains key crop. Last year, the area planted under crops in Uzbekistan totalled almost 3.6m ha for which cotton occupied 1.3m ha, about 36%.

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.