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Only 20% target met for cotton sowing in Punjab
Cotton sowing in Punjab has been delayed because only 20% of the crop has been sown till May 10. Also, only 63,220 hectares of land has been used for sowing in Punjab, according to Punjab Agriculture Department.
Future Group plans textile mill in Telangana
The country’s top retailer, Future Group, is in talks with the Telangana government to set up a garment manufacturing facility in the state for its retail apparel vertical.
Cotton prices may fall
The International Cotton Advisotry Committee (ICAC) Secretariat forecasts that the season-average Cotlook A Index in 2016/17 will range between 66 and 83 cts/lb, with a midpoint of 74 cts/lb, which would be 4 cts/lb higher than last season.
EU closer to textile accord with Uzbek
The European Parliament is poised to approve a textile agreement with Uzbekistan, which is expected to lead to an increase in textiles imports from the country, despite ongoing concerns about the use of forced labour in cotton harvest.
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