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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.
Brazilian cotton prices up 22.6% in 2016
Following a 35 per cent increase in cotton prices in 2015, Brazilian cotton prices continued to rise in 2016, in which they grew 22.6 per cent over 2015.
Withdraw import duty on cotton: Pak mills
As the local crop of Sindh-Balochistan zone is likely to remain low this year to 11.25 million bales against the requirement of 14.5 million bales, the All Pakistan Textile Mills Association (APTMA) seeks immediate withdrawal of four per cent import duty on raw cotton by the Government.
Cotton museum in offing
Globally, cotton is losing its share in textile manufacturing because of the stiff competition it faces from polyester and other manmade fibres.
Kenya plans cotton revival
Kenya plans to revive its cotton industry, a major foreign-exchange earner until the 1980s, amid strong demand for lint from domestic mills and the potential to supply manufacturers exporting clothing and textiles to the US under a preferential trade deal.
COTTON USA strategy at Heimtextil
COTTON USA is making plans to promote U.S. cotton’s quality, responsible production and innovation at the world’s leading trade show for home textiles.
Price pressure forces cotton import
India has already begun to import cotton. In December, already about 3 lakh bales of cotton have been imported. This year as arrival of cotton has fallen post the note-ban and farmers are not selling cotton in a big way as they prefer to deal in cash, the prices of the commodity have firmed up to Rs 39,000 per candy of 355 kg in the domestic market.
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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