The Cotton Association of India (CAI), which has released its December estimate of the cotton crop for the 2016-17 season beginning from October 1, 2016, has placed the cotton crop at 341.00 lakh bales of 170 kg each.
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Dibella, Germany has signed a partnership contract with “Cotton made in Africa†(CmiA) in time for the start of the Heimtextil Fair.
Higher production world over and increasing demand is the state of the cotton industry. On the day of inauguration of the 45th President of the United States, cotton industry people gathered in Lubbock, USA for the Plains Cotton Growers’ cotton meeting. The year 2016 has been phenomenal for cotton production in the High Plains of Texas and the production in this region is expected to be about 5.05 million bales.
One of the world’s leading academic institutions, the University of Liverpool, has joined forces with the International Cotton Association (ICA), to develop a new online course, which will lead to a professional certificate for the commodity world.
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.
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.
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.