Another bumper crop of cotton is in offing and tremors are felt already on the price front. The Cotton Corporation of India (CCI) is getting ready for yet another year of minimum support price (MSP) operations.
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Joining some of the world´s major cotton organisations, the Japan Cotton Traders´ Association (JCTA) has become a member of the International Cotton Association (ICA) and officially joined its ´safe trading´ community.
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.
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.