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Related Keywords: bed wear, cotton cloth, double digit growth, in August, Knitwear, mainly driven by substantial increase in export proceeds, Pakistan textile export, PBS data, raw cotton, readymade garments, towels, yarn

Pakistan’s textile exports after witnessing downward trend for last several months has seen double digit growth of 11.24 percent in August 2015 as per data of Pakistan Bureau of Statistics (PBS) released on Monday. The unprecedented growth was mainly driven by substantial increase in export proceeds of raw cotton, cotton cloth, yarn, knitwear, bed wear, towels and readymade garments.

Exports of textile and clothing recorded at $1.02 billion in the previous month as against $889 million of a year ago.

Related Keywords: below MSP, cotton prices, expected cotton crop, give a record yield, low demand from China, major cotton growing region, raw cotton, Vidarbha inked with agricultural crisis

Vidarbha which is always linked with agricultural crisis due to rains during the last fortnight have changed the situation. The cotton crop is now expected to give a record yield. Last year was marred by a drought and excessive rains had hit the farmers the year before.

However, experts feel that good harvest may not be met with good prices. Cotton rates are expected to reign below the minimum support price (MSP) of 4,050 a quintal. At present, lint is being quoted at 33,000 a bale, which translates into 3,700 a quintal for raw cotton.

Related Keywords: cotton business, drop in prices, dull in Pakistan, Ginners, lint price, new crop cotton stock, Pakistan textile industry, raw cotton, value of seed cotton

Cotton business remains dull in Pakistan with further drop in prices and not much stocks of new crop cotton (2015-16) remain unsold with ginners. This week cotton market witnessed a decrease in the value of seed cotton prices by about Rs 100 per 40 kgs, while lint prices dropped by Rs 100 to Rs 150 per maund (37.32 kgs).

Related Keywords: coir, Confederation of the Indian Textile Industry, export incentives, export of fibre crashed, export target, fall short of expansion rate, handicrafts and handloom items, include jute, Indian textile and garment exports, miss initial official growth target, raw cotton

India’s overall textile and garment exports that also include those of jute, coir, handicrafts and handloom items to not only miss the initial official growth target of 15% for 2014-15 but fall short of the 5% expansion rate expected until recently. The government had initially set the export target at $45 billion for 2014-15, compared with the actual exports of $39.3 billion in the previous fiscal.

Related Keywords: absence of buying interest, attending textile fair in Frankfurt, fine yarn, Leading spinners, Pakistan cotton market, quality cotton, raw cotton, trading activity

Trading activities at the cotton market on Tuesday in the absence of buying interest remain slow. There were only a few small lot deals from some mills as most leading spinners are abroad to attend a textile fair in Frankfurt, Germany.

Many spinners participating in the forthcoming textile fair in Frankfurt, Germany, are expecting to get good business. As a result, much of buying remained around quality cotton required to produce fine yarn and high quality made-ups, brokers said.

Related Keywords: buying quality cotton, cotton bales, cotton trading, Indian yarn, Karachi Cotton Association, local trader to buy, Pakistan coton market, raw cotton, textile mill owners

Cotton trading in Pakistan remained slow as textile mill owners made select buying in quality cotton. However, the Karachi Cotton Association’s (KCA) spot rates remained unchanged.

Floor brokers said that the textile industry, already facing power and gas shortage, was perplexed by Indian yarn and raw cotton finding their way into the domestic market. Local traders are likely to buy the cheaper Indian cotton. The situation kept trade activities slow at local markets.

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: cotton exporter, cotton farming, Cotton processing, cotton producer, finished textile goods, moving away, profitable, raw cotton, Uzbekistan, Uzbekistan textile industry, X International Uzbek Cotton and Textile Fair

Uzbekistan, the Central Asian country has started focusing on production of finished textile goods rather than of raw cotton. It is slowly trying to transition away from its traditional strength of cotton farming going on for generations. As, cotton farming requires a huge amount of water, a great difficulty for dry Uzbekistan.

Though the Uzbek economic picture has evolved, cotton remains key crop. Last year, the area planted under crops in Uzbekistan totalled almost 3.6m ha for which cotton occupied 1.3m ha, about 36%.

Related Keywords: cotton collection points, cotton harvest, modern enterprises, raw cotton, total cotton area

Cotton is the major source of Turkmenistan's export and raw material for dozens of modern enterprises of the dynamically developing textile industry of Turkmenistan. Turkmenistan allocated total area of 545,000 hectares for cotton production.

Ahal province is the leader among the country’s provinces, where almost 71 percent of the planned volume has been harvested.

Turkmenistan has harvested more than 64 percent, or over 676,000 metric tons of cotton to date, Turkmenpagta (Turkmen cotton) state concern said.

Related Keywords: Bangladesh home textile, Bangladesh Textile Mills Association, bed-sheets, bedcovers, BFTI, cost competitiveness, cushion covers, EPB, GSP facility for Pakistan, Local currency appreciation, negative growth, Pillow covers, political turmoil, raw cotton, rising cost of production, yarn

Bangladesh home textile sector faces negative growth during the first two months of the current fiscal year 2014-15. The major factors which count for blocking the growth of country’s potential home textile exports are European Union GSP facility for Pakistan, appreciation of the local currency against the US dollar and recent political turmoil.

According to Jahangir Alamin, President of Bangladesh Textile Mills Association, Bangladeshi-made home textiles are lagging behind Pakistan in terms of cost-competitiveness, one of the major causes of setback.