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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: Central government of India, Confederation of Indian Textile Industry, cotton yarn, demand for exports, DGFT, export of cotton, exporter, globally cotton prices, minimum support price, Secretary-General, targeted export volume

The Centre government of India has done away with the registration requirement for exports of cotton and its yarn, the exporters now need not register with the Director-General of Foreign Trade before making the shipment. The government said on Monday in two separate notifications.

Earlier, traders were required to register their targeted export volume in advance for the entire year. With the change in rules, it is likely to speed up shipments, particularly when overseas demand for cotton and yarn has dropped sharply.

Related Keywords: boost activity, capital shortage, cotton yarn, Karachi cotton exchange, maintain inventories, Pakistan cotton market, slowdown in sale, textile mill owner, trade turnover, world cotton market

Pakistan textile mill-owners to maintain their inventories on the higher side resumed purchasing, which helped boost activity at the cotton market with trade turnover of cotton improving by 16 percent to 19,200 bales (155 kilograms).

However, the trade activity was comparatively low due to slowdown in the sales of cotton yarn , a dealer said on Monday.

According to a broker at the Karachi Cotton Exchange, big textile mills maintain, at least, three-month stock of cotton in hands.

Related Keywords: cotton yarn, export products, export promotion, global market, Indian apparel sector, Lycra, revised duty drawback rate, Texprocil, Textile exporters

The government has notified new duty drawback rates which will boost the overall perception of Indian apparel sector and raise competitiveness in the global market. A separate entry has been created to distinguish certain export products such as cotton yarn of less than 50 counts or 50 or more counts; core spun cotton yarn containing three per cent or more of lycra /spandex/elastane, cotton blankets and flame-retardant fabrics based on their increasing international demand.

Related Keywords: cotton price in china, cotton price in india, cotton price in Pakistan, cotton yarn, cotton yarn price in china, cotton yarn price in India, Cotton yarn price in Pakistan, price spread

Cotton yarn making has become more profitable now than considered, three months ago. And this has been facilitated by the rapid fall in cotton fibre prices over the same period. The margins have improved in all the three major cotton yarn producing economies of China, India and Pakistan. On an average, cotton prices have declined by between 15-25 per cent between June and end-September while cotton yarn prices have bucked 5-9 per cent in the comparable period.

Related Keywords: cotton prices, cotton yarn, Indian Shanker variety, Indian spinners, Pakistan cotton market, Pakistan spinning industry, yarn price

Lower cotton prices have bailed out the spinning industry to some extent and some closed units likely to resume production. However, industry experts said that the impact of lower cotton and yarn prices is likely to be visible only after the release of the export figures of September, this come into sight on Wednesday.

Related Keywords: Chinese cotton industry, cotton import quota, cotton yarn, domestic cotton production, domestic price, domestic textile enterprises, ginned cotton, NDRC, subsidize farmers, WTO

China’s domestic cotton output this year is projected to reach 6.5 million tonnes,, down by 500,000 tonnes from the previous year, while demand will be around 8.5 million tonnes, resulting in a supply gap of 2 million tonnes.

To control import of cotton yarn, China has decided not to increase its cotton import quota next year beyond the 894,000-tonne quota it promised when joining the World Trade Organization and also to guide domestic textile enterprises to use more homegrown cotton.

Related Keywords: Bangladesh, chinese mill, cotton bales, cotton yarn, Cotton year, decline in cotton prices, finer quality cotton, Indian cotton exporters, Indian cotton industry, international prices, long-staple, Vietnam

This cotton year, India has exported 11.5 million bales, compared with 11.4 million bales in the previous cotton year. It is estimated at the beginning of the next season, export will fall 35-40 per cent.

Currently, cotton exports from India have come to a standstill, as the global prices are on a downward trend, while Indian prices are higher than them.

Related Keywords: cotton fiber, cotton yarn, Dilbar Makhmudova, foreign investors, increase domestic processing, State JSC, textile exports, Uzbek banks, Uzbekistan, Uzbeklegprom

Uzbeklegprom State JSC has planned a five year project from 2015-2020 to increase domestic processing of cotton fiber for which the company will direct about US$1 billion and decrease its exports in line with the concept of developing light industry in Uzbekistan, the head of the Uzbeklegprom main department Dilbar Makhmudova told on Sept. 5.

A development program concept for the next five year was developed by Uzbekyengilsanoat in cooperation with several ministries and departments.

Related Keywords: cotton price, cotton yarn, Pakistan cotton market, phutti, Spinners, Trading on ready counter, world market, yarn

Cotton prices in the local Pakistan market continued to remain under pressure on Monday because of slowdown in demand for yarn in line with the trend in world market.
 
Most of the cotton growing countries are expected to harvest bumper cotton crop this season are also keeping prices under pressure.

Besides, slow demand for cotton yarn in the domestic and world markets is also affecting rates.