YnFx logo
FacebookFacebookFacebook

News Tags

warning: Creating default object from empty value in /var/www/html/html/vhosts/ynfx_drupal/modules/taxonomy/taxonomy.pages.inc on line 33.

Resumption of cotton import by Pakistan

Related Keywords: cotton bales, India can now exporting, Indian traders, Pakistan DPP, Pakistan suspending cotton import from India, Pakistan will benefit from cheaper supplies, reissuing permit, resumed cotton trade, signed export contract, surplus cotton

Pakistan after suspending cotton import from India for few days has resumed cotton imports. With the resumption of cotton trade, India can now exporting its surplus cotton, while Pakistan will benefit from cheaper supplies from the neighboring country.

Last month Pakistan suspended cotton imports from India, saying shipments failed to fulfill phyto-sanitary certification, threatening the $822 million-a-year trade.

Trading activities were down as ginners not ready to lower prices

Related Keywords: Cotton market, cotton price, fine quality, lowering price, official spot rate, Pakistan cotton market, Pakistani ginners, seed cotton rates, surplus cotton, trading activity, yarn price

With Pakistani ginners not lowering prices of fine quality and the official spot rate remaining unchanged at Rs 4,850, no visible change was seen in the present outlook on the cotton market on Thursday.

Trading activity came down as ginners were not ready to oblige the mills because rates offered by mills were not matching with their psychological levels. Cotton analyst, Naseem Usman said that overall sluggish trend in the world market is also an adding factor behind the falling business.

Maharashtra's cotton farmers in trouble over erratic rains and surplus cotton in international market

Related Keywords: Chinese government, cotton belt, cotton sowing, cotton stockpiling policy, crop-subsidy programme, erratic rains, international cotton price, Maharashtra farmers, surplus cotton, Vidarbha farmers

Farmers in Maharashtra’s cotton belt forced to sow their fields a number of times due to erratic rains which has increased individual debts, as farmers who exhausted their institutional credit have borrowed money from informal moneylenders to finance the replanting of fields, raising the spectre of further deaths around harvest time.

Recent reports suggest the rainfall deficit in Maharashtra's cotton belts of Vidarbha and Marathwada has widened; Marathwada is now facing a 60 percent deficit, while the shortfall in Vidarbha is 23 per cent.

Copyright © 2014 Centerac Technologies Limited. All Rights Reserved
-->
feedback button