ICA Bremen´s new and improved testing laboratory will be officially opened recently, by the German Minister for Economic Cooperation and Development, Dr Gerd Müller.
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The predominantly cotton based textile industry has been producing almost 75 per cent of the spun yarn from cotton and therefore, this industry has been subjected to crisis due to volatility in the prices.
COTTON USA, the trademark ingredient brand of Cotton Council International (CCI), has announced its first retail partnership with India´s leading fashion retailer ´ Shoppers Stop. COTTON USA and Shoppers Stop will conduct a monthlong in-store promotion aimed at increasing consumer awareness of U.S. cotton-rich apparel, and gradually move toward creating an exclusive line of labeled merchandise.
Ninety Turkish cotton professionals attended the International Cotton Association´s (ICA) ´Raw Cotton Contracting´ training in Turkey last week (25 February), thanks to sponsorship from the Kahramanmaras Chamber of Commerce.
Cotton imports by China in June have fallen by 26 per cent already. The see-sawing of prices in major countries including India is causing a lot of anxieties. Chinese prices are under pressure from significant left-over commercial stocks as well as sales of state reserve cotton, kicked off recently.
The Cotton Association of India fears that India may be piling up huge inventory of cotton just like China, if the Cotton Corporation of India (CCI) does not take measures to offload its stock swiftly. Maintaining the cotton output at the last estimated level of 38.27 million bales (a bale is 170 kg), Dhiren N Sheth, President, CAI, says the Corporation had procured about 8.7 million bales from farmers as part of the Government’s minimum support price commitment.
In the 2015-16 season, world cotton imports may recover modestly, increasing 2 per cent to 7.7 mts with imports outside of China rising by 3 per cent to 6.1 mts. In 2011-12, Chinese imports more than doubled from the previous season to 5.3 mts and surpassed the total volume of imports by the rest of world, which reached only 4.4 mts.