Cotton Egypt Association has unveiled a new brand identity and digital platform to re-enforce Egyptian Cottonâ„¢ as the finest cotton in the world.
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The Pakistan Cotton Ginners Association (PCGA) has opposed the recommendation of the Economic Coordination Committee (ECC) to withdraw 4 per cent customs duty and 5 per cent sales tax on the import of cotton from India and other countries, especially when the country had already suffered a loss of Rs 500 billion due to reduced cotton production.
The International Cotton Advisory Committee, Washington, has announced recently it expects global cotton consumption to increase in the coming year.
Sometime in next few years, hopes are high that China’s overall cotton import levels may rise and may even be back to 16 million bales
Higher cotton production by Sindh and Punjab helped Pakistan improve its overall output by 7.16 per cent year-on-year up to December 31, according to the latest figures issued by the Pakistan Cotton Ginners Association. Yet the production level remained lower than the official revised estimate of 12.6 million bales.
Recovery continues in cotton production for 2017-18 with a projected 11 per cent growth due to increased area to a projected 25.4 million tonne (MT).
India expected to produce about 37.5 million bales (170 kg each) of cotton amidst the pink bollworm infestation situation in major cotton growing regions.