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Uncertainty in cotton trade continues
In the recent times cotton prices in the entire major cotton-producing countries have been falling posing problems to the farm community. More than that, the production estimates have also been steadily declining, causing worries to the cotton community.
CCI to enter Punjab to procure cotton after 4 yrs
The Cotton Corporation of India Limited (CCI) has started preparations to enter Punjab after four years to procure cotton. It expects the quality of raw cotton to be reasonably good to make procurement at the minimum support price (MSP).
All India Cotton Conference on Aug 17-18
he Indian Cotton Federation (ICF), Coimbatore and Indian Cotton Association Ltd, Bathinda have decided to organise the bi-annual All India Cotton Conference at Coimbatore on August 17-18, 2018. The conference will be for 1.5 days days starting by 17th afternoon and finishing on 18th evening.
PCGA rejects proposed withdrawal of cotton import duties
The Pakistan Cotton Ginners Association (PCGA) has opposed the recommendation of the Economic Coordination Committee (ECC) to withdraw 4 per cent customs duty and 5 per cent sales tax on the import of cotton from India and other countries, especially when the country had already suffered a loss of Rs 500 billion due to reduced cotton production.
Pak’s cotton output up 7.2%
Higher cotton production by Sindh and Punjab helped Pakistan improve its overall output by 7.16 per cent year-on-year up to December 31, according to the latest figures issued by the Pakistan Cotton Ginners Association. Yet the production level remained lower than the official revised estimate of 12.6 million bales.
Pak buys record cotton bales from India
India’s cotton industry is a happy lot now, thanks to the whitefly ravage that has gripped Pakistan, threatening to push Pakistan’s cotton production to an 18-year low
in 2015/16, according to the latest projection from the U.S. Department of Agriculture (USDA).
Cotton king under siege?
Cotton imports by China in June have fallen by 26 per cent already. The see-sawing of prices in major countries including India is causing a lot of anxieties. Chinese prices are under pressure from significant left-over commercial stocks as well as sales of state reserve cotton, kicked off recently.
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