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Price pressure forces cotton import
India has already begun to import cotton. In December, already about 3 lakh bales of cotton have been imported. This year as arrival of cotton has fallen post the note-ban and farmers are not selling cotton in a big way as they prefer to deal in cash, the prices of the commodity have firmed up to Rs 39,000 per candy of 355 kg in the domestic market.
EU closer to textile accord with Uzbek
The European Parliament is poised to approve a textile agreement with Uzbekistan, which is expected to lead to an increase in textiles imports from the country, despite ongoing concerns about the use of forced labour in cotton harvest.
Organic cotton market grows by 67%
The global market for organic cotton has grown by 67 per cent. Besides, there is also greater global awareness of the need to have good quality organic cotton seeds.
COTTON USA strategy at Heimtextil
COTTON USA is making plans to promote U.S. cotton’s quality, responsible production and innovation at the world’s leading trade show for home textiles.
Currency crisis hits Indian cotton trade
The currency imbroglio that is currently experienced in India following a cash shortage is hurting the cotton trade. With farmers seeking to sell their produce only in cash, the scarcity of notes has led to daily cotton arrivals declining by almost 50 per cent.
Cotton crop on the rise amid shrinking acreage
India expects to produce 35.1 million bales (170 kg) this season beginning in October. India’s official body, Cotton Advisory Board met in Mumbai and decided on this year’s first estimate of cotton production.
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