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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.

Related Keywords: cotton industry, fine lint, Pakistan cotton market

Fine Lint continue to remain in focus at the trading in cotton market amid range-bound as buyers made careful deals for all grades besides deals for selective lots in order to build up inventories also changed hands by the potential buyers, trader.

Karachi Cotton Association (KCA) kept the spot rate unchanged at Rs 6,500 per maund in order to provide some relief to baseline prices besides support to stakeholders and traders withholding raw grades for getting better prices.

Related Keywords: Chinese cotton production, cotton, cotton industry, ICAC, Indian cotton output

India sees the possibility of surpassing Chinese cotton output of 6 million tons by touching 6.3 million tons in 2014-15. As China, the largest producer of cotton is expected to witness a decline by 10 percent from 6.7 million tons in 2013-14 to six million tons in 2014-15 mainly due to the Chinese government’s decision to according to the International Cotton Advisory Committee.

Related Keywords: cotton industry

A 16-member delegation from Benin, Burkina Faso, Chad, Nigeria, Uganda, and Malawi including Government officials and private players in cotton and textile sectors were in Coimbatore to meet the members of Indian Cotton Federation in Coimbatore on Tuesday. The delegation is looking for assistance from Coimbatore cotton traders and textile mill owners to develop cotton trade. In this concern, they explicated about cotton cultivation in their countries, facilities available and steps taken to sell cotton directly to buyers in countries such as India.

Related Keywords: cotton industry, cotton price

The cotton market kept prices steady on Tuesday with the fresh buying interest at lower level, where some needy spinners moved in to reload their stocks.

Small millers who are mostly dependent on local supplies are disappointed with the shortage of quality lint. Most millers were keen to build upon their cotton stocks at current prices as hopes that the flow of phutti (seed cotton) would improve are fading.

Floor brokers said that big spinners have already imported around 1.7 million bales, but small spinners with cash flow problem are largely dependent on domestic supplies.

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.

Related Keywords: cotton industry, Pak-Afghan cotton ginners association

Pak-Afghan Cotton Ginners Association to be established, the suggestion came up at the meeting held between the Pakistan Cotton Ginners Association, chairman Mukhta Ahmed Khan Baloch and Afghan ginners, on Saturday in Pakistan to discuss the possibilities and viabilities of cotton sowing and ginning industry.

The suggestion to establish was put forward during the meeting to which the Afghan delegation gave their approval. The delegation appreciated the PCGA role, stating that they would form Afghan Cotton Ginners Association (ACGA) immediately.

Related Keywords: cotton industry, Pakistan cotton yarn export

Despite overall decline Pakistan cotton yarn exports, it still stands in the one-billion-dollar club. During the first half of this fiscal year, with stiff competition going on in the world markets, Pakistan cotton yarn exports managed to cross one billion dollar mark. Exporters told Business Recorder on Friday that there are only four sectors, with a turnover of over $1 billion during the first half of this fiscal year and cotton yarn is one of them.

Related Keywords: cotton industry, cotton trading

Cotton futures eased on Thursday in heavy trading, receding from the 6-month highs, beleaguered from the rolling of closely-watched commodities index funds. Volumes were heavy throughout the session as traders moved positions from the March contract into May.

The most-active May cotton contract on ICE Futures U.S. edged down 0.27 cent, or 0.3 percent, to settle at 88.58 cents a lb.
The spot March contract fell more sharply, finishing down 0.77 cent, or 0.9 percent, at 87.60 cents a lb.

Related Keywords: cotton industry, TN budget

The Tamil Nadu Budget, presented by Finance Minister O.Panneerselvam, has laid considerable emphasis on development of agriculture, cotton industry, MSMEs (micro, small and medium enterprises), and infrastructure sectors.

The proposal for Tamil Nadu Cotton Cultivation Mission to increase cotton product in the state budget 2014-15 would go a long way in achieving self sufficiency in commodity's production in the state, industry said today.

The Tamil Nadu Cotton Cultivation Mission would be launched with an initial outlay of Rs.50 crore to meet the demand for cotton in TN.