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.

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...

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...

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...

Mali, a land-locked country in west Africa, is expecting record cotton output of around 800,000 tonnes during the ongoing season 2019-20, according to the ministry of agriculture. This would be about 22 per cent higher than 656,548 tonnes produced in the previous season that ended March this...

India is expected to regain the top-producer status in 2019-20 season, surpassing China, which became the leading cotton producer in 2018-19, according to the US department of agriculture (USDA). India’s cotton production during the season is forecast to increase by 3-million-bales to 28.5 million bales, while China...

The government has so far announced a set of stimulus packages worth around $11.90 billion (Taka 1.011 trillion to offset the COVID-19 shock on various sectors of the country and minimise the sufferings of the people hit hard by the nationwide shutdown enforced to fend off the...

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...

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...