Cotton

Egypt's ministry of public business sector has allocated EGP 21 billion to increase the added value in the Egyptian cotton industry, as per the advice of international consultant Warner, which prepared a comprehensive study on developing the country's cotton sector. The government is making efforts to restore...

Cotton accounts for 51 per cent of the total raw material cost in the Indian textile industry and continues to remain at an elevated level, thereby pressurising domestic industry margins, according to India Ratings and Research (Ind-Ra). This raw material cost inflation has been difficult to pass...

Giving a major boost to the farmers’ income, the Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has approved the increase in the Minimum Support Prices (MSPs) for all kharif crops, including cotton, for 2019-20 season. The move will lead to increased investment and...

China's Zhengzhou Commodity Exchange plans to allow qualified overseas traders in the trading of cotton futures. Currently, overseas traders participate in the trading of crude oil, iron ores and PTA futures. China listed cotton futures on the exchange in June 2004, and since then a daily average...

Global cotton production in 2019-20 is forecast to rise 5 per cent (nearly 6.5 million bales) above the previous year to 125.3 million bales, according to the US department of agriculture (USDA). This would be the second largest crop on record after 127.2 million bales produced in...

Global cotton production in 2019-20 is forecast to rise 5 per cent (nearly 6.5 million bales) above the previous year to 125.3 million bales, according to the US department of agriculture (USDA). This would be the second largest crop on record after 127.2 million bales produced in...

India’s cotton import in the current season—October 2018 to September 2019—is likely to be 22 lakh bales, 7 lakh bales more compared to the previous season’s figures. The Cotton Advisory Board (CAB) recently estimated this season’s provisional cotton production to be 337 lakh bales of 170 kg...

Expectation of a large 2018-19 cotton crop kept purchasers retracted from the spot market leading to a dip in prices during the first fortnight of June 2019. After dropping 2.58 per cent in May, between May 31 and June 14, the CEPEA/ESALQ cotton Index, with payment in...

In the proposed budget, the export-oriented yarn producers are exempted from VAT. However, the government imposed 5 per cent VAT on sale of yarn for local markets. The yarn makers who are catering to the local markets mainly will have to face Tk 24 as VAT on...

Yarn Expo Autumn will be held during September 25–27 in Shanghai. The fair will be held concurrently with the 25th Autumn Edition of Intertextile Shanghai Apparel Fabrics, to maximise exposure in the textile supply chain. It will bring high-quality yarn and fibre suppliers from all over the...