Cotton

I firmly believe that waiting for things to improve is not the best way forward, of course making change happen is a revolution, so what can be best done is to use this time to prepare for a future beyond the pandemic, like some smart companies have done.

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...

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...

Bangladesh’s export earnings in April declined by 82.85 per cent year-on-year as the demand for goods shrank on the global market and the production remained suspended in the country in the month due to the global coronavirus outbreak. The country’s single month export earnings in April this...

Eldoret-based textile firm Rivatex recently witnessed a major upgrade of its facility by installing advanced machinery after the Kenyan Government secured Sh5 billion in funding from the US Export-Import Bank. The fabric producer, which had been dormant for years, has seen a transformation in the last two...

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...

Cotton production in Togo, a West African nation on the Gulf of Guinea, increased by 17 per cent in 2018-19 season to 137,000 tons, compared to 117,000 tons produced in 2017-18. However, the output was lower than the expected 140,000 tons. This was disclosed during the launch...

Mehdi Mahbub Uzbekistan, A country with 448,978 square kilometers area and around 33 million population, is the center of central Asia. The country which has a very colorful rich culture and heritage, also righteously boast for its trading history since it was one of...

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...