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Related Keywords: cotton yarn, Pakistan textile market

With the cotton yarn losing its fame in the textile market, the cotton traders of Karachi turn trouble –struck. The trading in Karachi was extremely slow and restricted as the Karachi Cotton Association (KCA) kept its outright rates constant.

This resulted in no elevation of the cotton market on Wednesday where only two deals struck one of 200 bales, Fort Abbas, at Rs6,700 (conditional) and the other of 700 bales, Ladhran, at Rs6,750 (conditional).

Related Keywords: cotton yarn, textile sector

The Pakistan government plans to impose five percent tax on imports of cotton yarn and increase sales tax, for value-added textile sector, to five percent is termed as 'hostile' policies by exporters. As the government, through its taxation policies turning prospects of the value-added textile growth under GSP Plus advantage into an uncompetitive level in the EU markets.

Related Keywords: cotton yarn, duty exemption

The Pakistan government is contemplating over removing duty exemption on the import of cotton yarn of which the Ministry of Textiles has asked the stakeholder to give in their feedback. As, the All Pakistan Textile Mills Association (Aptma) has recommended to the Ministry of Textiles imposition of import duty on cotton yarn, the sources said.

Textile mill-owners urging against pulling out duty exemption on the import of cotton yarn, as their respective body has approached the Ministry of Textiles for the withdrawal of duty exemption, industry sources said on Saturday.

Related Keywords: cotton price, cotton yarn, Indian spinning mill, Indian Textile Indusrtry

The surge in the demand for cotton yarn in the export market and domestic apparel and home furnishing sector, has renewed vigour and confidence of Indian spinning mills this year. On the back of higher exports, the spinners' profitability is increasing while many of them are raising headcounts to full fill increased order flow.

The good monsoon and a better cotton crop may help keeping the price of cotton viable for the industry in the next few months, thus increasing the margins of mills.

Related Keywords: cotton yarn, export incentive, Indian exporter

Incentives for raw cotton and yarn exports that were withdrawn in September have been restored back. The Directorate General of Foreign Trade (DGFT), a unit of the trade ministry, gave no reason for restoring export benefits for yarn, a value-added product used by textile mills.

India, the world's second-biggest raw cotton export, has restored an incentive scheme for cotton yarn exports, an official order said on Thursday.

Traders has projected that India will ship around 8-9 million bales of raw cotton in the crop year to September, down from 10.1 million bales in 2012/13.

Related Keywords: cotton, cotton yarn, DGFT, exporters, Registration certificates

Government simplifying Registration Certificates (RC) procedures for various commodities including cotton and cotton yarn. To this effect the Directorate General of Foreign Trade (DGFT) has issued a notification which reads “There shall be no requirement of submitting any document in electronic filing for obtaining Registration Certificates (RCs)”

Exporters of cotton and cotton yarn with immediate effect have been exempted from mandatory filing of documents in physical form to obtain registration certificates for shipment.

Related Keywords: cotton, cotton export, cotton yarn, yarn

India has withdrawn incentives for exports of cotton and yarn, a value-added product used by textile mills, an official order said, a move that could cut exporters' margins in the world's second-biggest exporter of the fibre.