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Related Keywords: causing widespread damage, crop in Texas and Georgia, Favorable crop conditions would help India, Hurricanes Harvey and Irma, Indianmanaged to seal deals, major cotton producing states in the USA, most of the top cotton buyers, sell about a million bales, switching to Indian cotton, the biggest exporter of the fiber, world market

With Hurricanes Harvey and Irma causing widespread damage to the crop in Texas and Georgia, major cotton producing states in the USA, the biggest exporter of the fiber, most of the top cotton buyers are switching to Indian cotton from the U.S.

India, the world’s second-biggest cotton exporter, has managed to seal deals in the past week alone to sell about a million bales to China, Taiwan, Vietnam, Pakistan, Bangladesh and Indonesia - key garment suppliers to brands such as H&M , Inditex -owned Zara and Wal-Mart Stores Inc .

Related Keywords: Australia and Canada, biased import duties on Indian textiles, conclusion of FTAs with EU, decline in export of cotton textile, export target, gain market access, MEIS, negative growth registered, preferential access, remove trade barriers, Texprocil, urgent action from government, world market

The export target for 2015-2016 is USD 13.67 billion. The continuing decline in exports of cotton textiles is a matter of deep disappointment and concern requiring urgent action from the government, Cotton Textiles Export Promotion Council (Texprocil) chairman RK Dalmia said in a statement.

Exports of cotton textiles in August 2015 registered a negative growth of 7.39 percent as exports touched USD 863.18 million as against USD 932.02 million in August 2014. Texprocil sought government's support to boost exports

Related Keywords: cotton industry a source of livelihood, Cotton second major cash crop, cultural control for cotton pest, decline of cotton price, hit Swaziland local cotton industry, in Swaziland, main source of income, world market

Cotton is the second major cash crop after sugarcane in Swaziland and the main source of income for small scale famers, especially those in drought prone areas. The cotton industry is currently under performing yet the cotton industry used to be a source of livelihood for 40 000 Swazis. Farmers grow cotton to pay school fees, build houses, buy food and clothes.

Related Keywords: changing government policy, core of Egypt economy, Cotton growers, Egyptian cotton, end of subsidy, international cotton prices, shrinking domestic market, white gold, world market

Egyptian cotton, the so-called “white gold” a byword for luxury that is prominent the world over and also the former core of Egypt’s economy and the source of many a trader’s fortune has been declining for years due to changing government policy, a shrinking domestic market and the vagaries of international cotton prices.

Related Keywords: 10 percent growth, cotton output, cotton prices, declining trend, easy trend, higher phutti arrival, KCA, lint price, lower petroleium price, man-made fiber cheap, Pakistan cotton market, Pakistan textile industry, TCP, world market

With higher phutti (seed cotton) arrivals into the market and an ongoing easy trend on world market has lead to further fall in cotton prices on Thursday.

The Karachi Cotton Association (KCA) cut its spot rates for second consecutive session by Rs100 to Rs4,650 a maund, indicating the mounting pressure on lint prices.

The declining trend in lint prices world over has multiplied pressure on the domestic market .

The Trading Corporation of Pakistan’s (TCP) procurement drive seems to be failing as lint prices have dropped by between Rs300 and Rs350 since its start.

Related Keywords: fair trading activity, Ginners, lint prices, Pakistan cotton market, phutti, slump in cotton yarn market, spinner exporter, TCP, world market

The cotton market in Pakistan on Tuesday witnessed fair trading activity on Tuesday. According to floor brokers, slump in cotton yarn market coupled with falling trend in world markets is keeping pre¬ssure on lint prices.

Other major factors affecting cotton prices are higher arrivals of phutti (seed cotton) but slow off-take of cotton from spinners and exporters.

Related Keywords: cotton price, cotton yarn, Pakistan cotton market, phutti, Spinners, Trading on ready counter, world market, yarn

Cotton prices in the local Pakistan market continued to remain under pressure on Monday because of slowdown in demand for yarn in line with the trend in world market.
 
Most of the cotton growing countries are expected to harvest bumper cotton crop this season are also keeping prices under pressure.

Besides, slow demand for cotton yarn in the domestic and world markets is also affecting rates.