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Related Keywords: ban on Indian import, cotton import, Cotton importers, cotton shortage, customs clearing agents, Department of Plant Protection, domestic prices, huge trade halt, India and Pakistan, LoC, stopped import of agriculture commodities, Wagah border

Cotton importers and customs clearing agents claim a huge trade halt between India and Pakistan. The Department of Plant Protection (DPP) has stopped the import of agriculture commodities from India without a warning or written order because of increase in tensions across the LoC.
Officials of the department confirm the same. According to them, import of agri items from India through the Wagah border crossing and Karachi port and issuing permits for future imports has been halted.

Related Keywords: broiler business, cotton import, lorry strike in India, textile business in india, Textile exporters, vegetable market in Coimbatore

The nation-wide strike by lorry owners, which started on Thursday, created problems for textile business as well. The textile product movement to and from the units faced hindrances because of the strike.

Few mills that had imported cotton found it difficult to transport it to the unit from the port due to the strike, said M. Senthilkumar, Chairman of Southern India Mills’ Association.

Likewise, exporters were unable to dispatch the products from their units. The Centre should intervene immediately, he said.

Related Keywords: African suppliers, CITI, cotton import, domestic market, high price, Indian mills, Shankar-6 variety, Texprocil, transport cost

Cotton import is likely to double at 1.5 million bales (a bale is 170 kg) in the current cotton year (October 2013-September 2014), as compared to 0.7 million bales the previous year, due to the higher prices in the domestic market than abroad, according to the Confederation of Indian Textile Industry (CITI).
 
The benchmark Shankar-6 variety is trading at Rs 11,642 a quintal, in comparison with the landed cost in southern ports at Rs 11,000 a quintal.
 

Related Keywords: cotton import, cotton industry

The US Department of Agriculture in its long-term projection has stated that the cotton imports by China, the top grower and consumer of the fibre, will plunge for further two seasons, in 2014-15, it will plunge from 22% to 8.6m tonnes, and again the following season to 7.5m tonnes due to its huge inventories, but purchases will stage a recovery, leading "rapid" growth in world trade.

The decline, driven by a change in Chinese farm support is likely to end the country's record of stockpiling cotton at prices well above international market rates, will pull world trade lower next season.