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Related Keywords: acrylic and polyester, brace lower producer prices for the crop, China renowed producer, coming marketing season, consumer of cotton, cotton farmers, hurt world cotton consumption, includes nylon, Increasing demand for synthetic fibres, International Cotton Advisory Council, polyester main competing fibre, World cotton price, Zimbabwean market

With the demand for synthetic fibres which includes nylon, acrylic and polyester continuing to increase in Zimbabwean market, cotton farmers are left with no choice but to brace for lower producer prices for the crop in the coming marketing season compared to the previous year.

Synthetic fibres are the result of extensive research by scientists to improve on naturally occurring animal and plant fibres. In general, synthetic fibres are created by extruding fibre forming materials through spinnerets into air and water, forming a thread.

Related Keywords: delay in arrival of next crop, higher consumption of cotton, KCA, ongoing spell of rain and cold weather, Pakistan cotton market, pressure on lint prices, rising cotton prices, spinners continued building stocks, Textile Industry, world cotton market, World cotton price

Despite rising cotton prices on Tuesday, spinners continued to build up their stocks fearing delay in arrival of next crop. The next cotton crop is likely to be late by three to four days, as a result of the ongoing spell of rain in Punjab and cold weather in Sindh.

The higher consumption of cotton by the textile industry is also putting pressure on lint prices which have moved to a seasonal high of Rs5,250 per maund. However, shortage of quality lint is another major factor which has pushed prices up.

The Karachi Cotton Association (KCA) left its spot rates unchanged.

Related Keywords: Abares Commodities bureau, average nine year low, Cotlook, cotton consumption, cotton prices, farm subsidy regime in China, further decline next season, large world stock, onto the world market, release cotton holdings, World cotton price

World cotton prices likely to see further decline next season, to their lowest since 2006-07, despite some attrition in world stocks. According to the Abares Commodities bueau, cotton prices, as measured by the Cotlook A index of physical values, will average a nine-year low of 60.4 cents per pound in 2015-16, down from a forecast 70.3 cents per pound for this season.

Separately, the International Cotton Advisory Committee restated a forecast of the Cotlook A averaging 68 cents a pound this season.