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Related Keywords: APTMA, demand imposing fifteen percent regulatory duty, direct and indirect workforce, domestic consumption, emergent meeting of member mills, import of MMF, particularly the polyester viscose yarn, polyester cotton yarn and pure polyester yarn, PSF, PTA, review import statistics of MMF yarn, serious threat for survival of spindles

All Pakistan Textile Mills Association Chairman Tariq Saud at an emergent meeting of the member mills held at the Punjab office of the Association to review the import statistics of the Man Made Fiber yarn for domestic consumption demanded of imposing 15 percent Regulatory Duty on the import of Man-made fibers, as it increased by four times in last four years and likely to reach to 57000 tones per annum by the end of 2015-16.

Related Keywords: Cotton Association of India, cotton bales, domestic consumption, expecting price to go up, fall in cotton arrivals by eleven percent, farmers not willing to sell cotton at lower prices, higher return, holding capacity, lower production, ongoing season, restricted arrivals, total cotton supply

The arrival of cotton during the ongoing 2015-16 season is not matching up with the arrival figures of last year. This reduction in the arrivals is an indication of a lower crop, said Dhiren Sheth, president of CAI. Lower production, higher return expectations by farmers have led to a fall in cotton arrivals by 11% in the ongoing season for 2015-16.

The industry feels that since the farmers were expecting higher returns for their produce, they had restricted arrivals during the season. The ones with a holding capacity are still expecting the price to go up further.

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: cotton, domestic consumption, export demand, FDI limit, garment, Indian textile market, jute, promotiona visit, raw material, silk, sourcing hub, Textile, wool

Textile & Apparel sector in India is an important contributor to the national economy in terms of direct and indirect employment generation and net foreign exchange earnings, contributing 4% to India’s GDP in 2012, the sector has also attracted direct foreign investments worth USD 1.11 billion from April 2000 to February 2014.
 
Currently, the overall textile and apparel sector accounts for about 24% of world’s spindle capacity and 8% of global rotor capacity and is expected to touch USD 223 billion by 2021.
 

Related Keywords: 395 lakh bales, Cotton Association of India, cotton output, cotton supply, domestic consumption

Cotton crop is estimated at 395 lakh bales (170 kg each) in the ongoing season 2013-14 (started October 2013) mainly due to rise in yield against 388 bales estimated in June. as per the Cotton Association of India.
 
The arrivals up to June 30 were placed at 382.30 lakh bales and continue well into the off season. Arrivals in Gujarat that is India’s top cotton producer were the highest at 120 lakh bales, followed by Maharashtra at 84 lakh bales.