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Related Keywords: Bangladesh textile industry, BCA, BTMA, buyer and suppliers, cheap and competitive rate, cotton prices, dependent on import fibres, enhance relations, export oriented readymade garment factory, Global cotton summit Bangladesh, make rules industry friendly, produce little quantity of cotton, require huge amount, spinning mills

Bangladesh textile industry is dependent on import of fibres from foreign countries, thus the government need to take steps for making the rules industry-friendly, said Jahangir Alamin, former president of Bangladesh Textiles Mills Association (BTMA) addressing a session titled “Bangladesh Spinning Industry in Next Decade” at the Global Cotton Summit Bangladesh-2015 that began in the capital to enhance relations between buyers and suppliers of the product.

Related Keywords: Abares Commodities bureau, average nine year low, Cotlook, cotton consumption, cotton prices, farm subsidy regime in China, further decline next season, large world stock, onto the world market, release cotton holdings, World cotton price

World cotton prices likely to see further decline next season, to their lowest since 2006-07, despite some attrition in world stocks. According to the Abares Commodities bueau, cotton prices, as measured by the Cotlook A index of physical values, will average a nine-year low of 60.4 cents per pound in 2015-16, down from a forecast 70.3 cents per pound for this season.

Separately, the International Cotton Advisory Committee restated a forecast of the Cotlook A averaging 68 cents a pound this season.

Related Keywords: cotton bales, cotton prices, fine grades, growing demand of end products, KCA spot rate, Pakistan coton market, private sector commercial exporters, replenish stock, textile and ginning units, trading session

The cotton prices remained stable as buyers in cotton market tried to replenish their stocks with quality lint. Most of the buyers remained busy dealing in fine grades. However, buyers bought all grades during trading session in all stations of Sindh and Punjab, while KCA kept spot rate at Rs 4,950 per maund, traders at Karachi Cotton Association (KCA) said on Wednesday.

The stakeholders in Punjab stations remained eager for fine grades for producing better end products but power outages and load shedding in textile and ginning units slowed down production capacity.

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.

Related Keywords: China to end stockpiling program, cotton consumption, cotton prices, create jobs, fiber to be imported, invest billions of dollars, NDRC, store in state reserves, Subsidies, textile factories, U.S. Department of Agriculture, weak market price, XPCC

China has assured to end a costly stockpiling program that has artificially exaggerated cotton prices. The Xinjiang Production and Construction Corps (XPCC) reluctant to accept the current weak market price, has urged the government to buy part of its crop and store it in state reserves, said two trade sources with knowledge of the issue.

XPCC, also known as the army corps, or 'bingtuan', has become a sort of state within a state and gained a dominant role in industries such as cotton, where it employs about 200,000 mainly Han Chinese on some of Xinjiang's best land.

Related Keywords: cotton consumption, cotton prices, cotton stocks, Karachi Cotton Association, Pakistan textile industry, Spinners

Strong buying from spinners and some exporter moved up cotton prices by Rs50 to Rs100 on Thursday at the Pakistan cotton market. Many millers
rushed to replenish their stocks at current price level in the wake of higher cotton consumption figures released by the ginners’ body.

Much of the activity, however, remained confined to quality lint. As the current season is drawing to a close, quality lint is in shortage, hence expensive.

Related Keywords: cotton prices, Karachi cotton exchange, Pakistan cotton market, remain dull, spot rate unchanged, upward trend at world market

Pakistan cotton market on Monday witnessed recovery in its cotton prices by Rs100 per maund (37.324 kilograms) to Rs5,010 per maund at the local markets due to upward trend at world market. \

New York cotton (futures) market amid increase in demand for the commodity there maintained upward trend, according to brokers at the Karachi Cotton Exchange.

The Karachi Cotton Association (KCA); however, kept its official spot rate unchanged on the second working day at Rs4,900 per maund.

Traders bought 4,700 bales (155 kilograms) at Rs4,500 to Rs5,150 per maund, the KCA reported.

Related Keywords: cotton activity, cotton prices, domestic market, ease liquidity crunch, falling trend, ginner off load stocks, KCA, Pakistan cotton market, spot rate, under pressure, world cotton market

Pakistan cotton activity failed to pick up pace as cotton prices came under pressure on Thursday as ginners rushed to off-load their stocks in an attempt to ease their liquidity crunch and the falling trend in the world cotton markets including those of New York and India, is another factor affecting price in the domestic market.

Floor brokers said that from the outset there was selling pressure which pushed premium quality and lower grade cotton prices down between Rs50 and Rs100 per maund on ready deals. Phutti (seed cotton) prices also declined as a result.

Related Keywords: cheaper imported cotton, cotton prices, cultivate cotton less, Egyptian cotton farmer, ending subsidies, high cultivation cost, long staple variety, low local and international demand, white gold

The Egyptian government has long given subsidies to cotton producers to make up for the gap between the high price of Egyptian raw cotton and the final price of products, which can be less than total production costs. Last week Adel Al-Beltagui, minister of agriculture and land reclamation, informed that the government will not be paying a cash subsidy of LE1,400 per feddan to cotton producers as it did last year. As, high cultivation costs, together with low local and international demand for Egyptian cotton, particularly the long-staple variety, were the main reasons behind the decision.

Related Keywords: cotton farmers, cotton prices, cotton trading activity, demand for export, domestic mill, Ginners, Gujarat Sankar-6 cotton, Indian cotton market, kapas, MSP, Rajkot

Weak cotton trading activity was witnessed at Rajkot, Gujarat as cotton prices remained unchanged and domestic mills were buying only as per their requirements as demand for export was seen dull.

Kapas or raw cotton declined marginally on lower buying from ginners. Gujarat Sankar-6 cotton was traded at ₹33,100-200 per candy of 356 kg.

About 45,000-50,000 bales (of 170 kg) arrived in Gujarat and 2.10-2.15 lakh bales arrived in India. Kapas lost ₹5 to ₹830-850 for a maund of 20 kg. Gin delivery kapas stood at ₹855-860. Cottonseed went for ₹355-370.