Search Result for : Cotton Export

PTI Pakistan has lifted an "undeclared" ban on import of ginned cotton from India, days after rejecting a consignment of 10,000 bales of cotton from India citing violation of plant quarantine rules by importers. Earlier, the Department of Plant Protection (DPP) of the Ministry of National Food Security and Research put cotton imports from India on hold through Wagah and Karachi port from November 23, saying the shipments did not fulfil phyto- sanitary conditions, Dawn newspaper reported.The rising border tensions between the two neighbours had prompted Islamabad to impose the ban on 10,000 bales of cotton worth $3.3 million from India."The DPP has started issuing permits for importing cotton from India via Wagah. But the DPP has also made it clear to ...

The Dollar Business Bureau  Government has extended the entitlement quota for one year in the export of readymade garments, knitwear, yarn, fabrics and made-ups to the countries of Canada, US, and European Union. This will be effective from January 1, 2017. “The government hereby decides to extend the operation of the residuary provisions of yarn, fabrics & made-ups export entitlement (quota) policy for a further one year with effect from January 1, 2017,” the Textiles Ministry said in a notification. Likewise, the government has also extended the operations of residuary provisions of export entitlement quota policy of garments and knitwears for another year, which will be effective from January 1, 2017. The export entitlement policy for garments and knitwears is applied for countries where such ...

The Dollar Business Bureau In the backdrop of the ongoing cash crunch, which emanated after the government demonetised high-value currency notes, cotton exports from the country has come to a standstill, as the farmers have delayed their shipments in the absence of cash payment. According to the industry officials, exports of 1 million bales of cotton from India have been delayed, after the demonetisation prompted the farmers to postpone sales. The supply crunch has substantially increased prices in India, which could force buyers to look out for other cotton-producing markets such as Brazil, the US and several African countries. It could also hinder India's total cotton exports in the financial year 2016-17 marketing year which started on October 1. November usually remains a peak supply ...

The Dollar Business Bureau Cotton holds a special place to Indians as its sentiments date back to the Indian independence movement when the handloom industry was systematically destroyed by the imperial rulers. Since then cotton which was hitherto imported during independence, became the mainstay for farmers, and India achieved self-sufficiency to becoming a raw cotton exporter. Within no time it became one of the largest producer of cotton in the world. That was then. In the present scenario, India’s cotton output is likely to decline 12.4% to the lowest in 5 years for the current crop year Oct 2015 – September 2016, due to extensive crop damage in 5 major cotton producing states. On Wednesday, the Cotton Advisory Board (CAB), Ministry of Textiles released a statement ...

The Dollar Business Bureau Indian credit rating agency (ICRA) on Wednesday expressed concerns over limited growth in domestic consumption and exports of spun yarn and said a similar outcome in the financial year 2016-17 will pose a serious challenge for the Indian textile spinners. The report indicated that a tepid domestic consumption and subsiding exports of yarn will deter its volume growth as well as profitability of spinners. “The slow pace of growth in spun yarn production has been driven by factors like tepid domestic consumption and limited growth in exports. With cautious outlook on cotton yarn exports, domestic demand growth will determine the production growth going forward,” the agency said in its report. According to ICRA’s estimates, domestic consumption growth for cotton yarn ...

The Dollar Business Bureau In the current marketing year end of September, the exports of cotton is likely to decline by 10% to 6 million bales due to a of hike in domestic prices, which restricted the competitive aspect of the natural fibre globally. India had exported 6.7 million bales in the marketing year of 2014-15. The top most export destinations were Bangladesh, Vietnam and Pakistan. BK Mishra, Chairman and MD of Cotton Corporation of India, revealed that so far 5 million bales were exported. However, exports have stopped as global prices are cooling down and domestic prices are increasing. The estimated total cotton exports will be around 6 million bales in 2015-16, he said. The prices within the country have increased to Rs. 1,000, ...

The Dollar Business Bureau   The Telangana CM K Chandrasekhara Rao has asked the farmers not to grow cotton this kharif season due to the decline of cotton prices globally. The State government also urged the farmers to sow an alternative crop as the cotton industry was suffering huge losses all around. Thanks to many non-governmental organizations and social campaigners, the Government has a clear picture with regard to the number of farmer suicides last year. Reports show that the number of farmers committing suicide was more among those who grew cotton. These farmers resorted to such extreme steps due to severe financial problems. Keeping these numbers in mind the TS government has decided to start a full length campaign to reduce the area under ...

The Dollar Business Bureau | @TheDollarBiz India’s overall textile exports have recovered to around $39.3 billion in FY2013-14, up about 12.6% from around $34.9 billion in the previous year and up about 15.6% from the $34 billion target fixed by the government for FY2013-14. Readymade garments and cotton textile exports accounted for a bulk of the total growth in textile exports in FY2013-14. Indian textile exports grew sluggishly in FY2012-13 due to slowdown in global trade and domestic demand also remained low. However, things changed in FY2013-14 and beyond. Santosh Kumar Gangwar, Minister of State in the Ministry of Textiles, informed the Parliament today, “It has not come to the notice of the government that textile workers are facing ...