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Related Keywords: cotton exports, domestically consumed cotton, Egyptian cotton, Egyptian Ministry of Agriculture and Land Reclamation, Egypt’s cotton exports, ginned cotton crop

CAPMAS noted that Egypt’s agricultural season starts in early September and lasts until the end of August the following year. During the agricultural season of the year 2016-17, the North African country’s cotton exports rose 12.6 per cent, reaching 431,000 metric kantars.

The Egyptian Ministry of Agriculture and Land Reclamation recently pointed to a 500,000 acre increase in the size of the country’s cotton cultivated area. Egypt agrees to raise salaries ahead of fuel, service prices hike.

Related Keywords: American dollar, cotton exports, Global textile market, Indian cotton, Indian textile exports, rupee depreciation, yuan devaluation

The rupee fell by 36 paise (0.5 per cent) to close at a two-year low of 66.82 against the American dollar on Monday on firm dollar demand from banks and importers and volatile domestic equities. The Indian currency has depreciated about 7 percent since April.

The depreciation of the rupee would have ambiguous impact on Indian textile industry. Fall in rupee will possibly benefit the Indian textile exporters as China could further devalue its currency to increase competition.

Related Keywords: China leading consumer of cotton, contribute great deal to foreign reserves, cotton exports, hit pakistan cotton trade, Pakistan textile industry, to release government stock

China is the world’s leading consumer of cotton, with an annual consumption of some 34 million bales as per USDA estimates seeks to release its government stocks, rather than rely on imports. For Pakistan this is a bad news, considering the importance of the Chinese market to their cotton industry.

Related Keywords: bring out strategy paper, Commerce Ministry, competitiveness on downward trend, cotton exports, incentive for textile sector, Indian textile exports, National Textiles Policy, process of rolling out, Textile Ministry, to enhance textile export

India’s textiles exports competitiveness is on downward trend even countries like Sri Lanka and Turkey are more competitive in the sector. The Commerce Ministry is considering bringing out its own strategy paper for the sector to enhance competitiveness of textile exports.

Textiles Ministry, too, is in the process of rolling out a National Textiles Policy, which aims to achieve USD 300 billion exports by 2024-25 and envisages creation of additional 35 million jobs.

Related Keywords: cost of production, Cottco, cotton crop 2015 too small, cotton exports, cotton farmers, Cotton Ginners Association, cotton price, cotton production, fall in annual revenue, farmers left stranded, Textile Industry, white gold, Zimbabwe cotton

Zimbabwe cotton also known as the white gold had economically uplifted places such as the hot and semi-arid marginalized areas like Gokwe in the Midlands Province. Besides bringing in the much needed foreign currency, the textile, oil-pressing and stock feed industries also benefitted from cotton production in Zimbabwe. But today, the nation cannot talk of a 2015 cotton crop because there is no cotton crop to talk about.

Related Keywords: better quality crop, bottomed out, China, Cotton Association of India, cotton exporters, cotton exports, cotton price, cotton yarn, decline, DGFT, import restriction, Indian cotton inrdustry, raw cotton, weakening rupee, Zhejiang Textiles

India is expected to become the world’s largest cotton exporter this year, but cotton exports are expected to see a decline to around 5 million (480 lb) bales in 2014-15, almost 47% from the previous year as it has been hit by import restrictions in China, the world’s largest importer. This has also led to a decline in prices in India as well.

Cotton prices may have bottomed out but a weakening rupee and arrival of better quality crop likely to improve prospects.

Related Keywords: China, cotton exports, cotton farmers, export cotton bales, Gujarat cotton, Gujarat cotton industry, gujarat government, MSP for cotton

This year Gujarat is expected to produce 1.20 crore bales of cotton. Each year, it exports cotton bales to China as well as other nations. Moreover, owing to bumper produce of cotton in these countries, export of cotton bales has taken a hit.

The Gujarat government on Monday announced relief of R1,100 crore for farmers, including R500 crore relief in electricity bills and R600 crore relief in interest on short-term loan through 50% waiver. Over and above this, the state extended R700 crore assistance to farmers during the ongoing statewide Ravi Krishi Mahotsav.

Related Keywords: cotton exports, cotton industry, US cotton

The upland cotton—the most commonly grown variety in the U.S. net export sales totaled 223,700 bales in the week ended Jan. 9, up 46% from the prior four-week average, the U.S. Department of Agriculture said. It was the largest sales number, minus any canceled orders, since the week ended Dec. 12. Demand for U.S. cotton is picking up, adding to concerns about the availability of supplies of the fiber.

Cotton traded on the ICE Futures U.S. exchange ended at 86.80 cents a pound Friday, putting the one-week gain at 5.1%, the biggest weekly increase since June.