The garment makers in Bangladesh have requested the government to ease down the conditions for the import of cotton, yarn, and other fabrics as Bangladesh has started to receive orders from international retailers and brands.
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As per the Karachi Cotton Association, the price for whit lint is fixed at Rs 13,580 per maund while on the other hand, the seed cotton prices are between Rs 5,200 and Rs 6,200 per maund.
As per the Karachi Cotton Association, the price for whit lint is fixed at Rs 13,580 per maund while on the other hand, the seed cotton prices are between Rs 5,200 and Rs 6,200 per maund.
Although December futures have been testing higher values, they have yet to break decisively above resistance near 68 cents/lb and were range-bound over the past month with values trading between 65 cents/lb and 68 cents/lb.
First, the cotton price in India firmed up slowly in the last six months, and since the international prices were lower, there has been higher import largely coming from African countries into India. It is still continuing,
Chinas change in cotton policy kicked up dust in India and elsewhere, and though no sea change in global cotton scenario is expected, it triggered off a ripple effect in cotton circles
According to the data published by US Department of Agriculture (USDA), by importing 83.4 thousand bales of cotton from US last year between 12-19 December, Turkey passed China which is known as largest importer of cotton.