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When timing could be everything, why are the Pakistani policy makers not making timely policy? Babur Rafiq, a prominent player in Pakistan’s textiles industry raises a red flag… By Babur Rafiq

When timing could be everything, why are the Pakistani policy makers not making timely policy? Babur Rafiq, a prominent player in Pakistan’s textiles industry raises a red flag…

By Babur Rafiq

levis magazine ad 2006

Babur Rafiq, VP PD Levis

Babur Rafiq, VP Product Development and Supply planning, Levi's

P

akistan’s textile has been the one of the top five cotton producers in the world for the past few decades. The opportunity to build on its strength, is matched by internal counter currents which have incredibly diminished Pakistan’s Global Textile relevance quite effectively. Other countries have moved on, and in fact been able to capitalize on lack of competitive challenge posed by Pakistan. Countries that have been able to buy Pakistani cotton and yarn have emerged as winners, while the entire domestic textile sector has been experiencing a roller coaster ride of sorts. Ironically, the recent yarn price spike, further perpetuates the lack of competitive positioning while a short term windfall is harvested. Once again at an economic cross road of opportunity, the country can take some proactive steps to set up medium and long term success.

As a global cotton demand is confronted with a transition due to China migrating significant hectors to food and premium crops, Pakistan has an opportunity to fill the vacuum but needs to switch to GM/BT sowing cotton significantly and immediately. Shifts to these varieties are already in place in the US, China and India. Pakistan has been lagging behind in adoption due to political issues. A 5 percent yield increase can cause Pakistan to be part of the new equilibrium solution and comes at a great time when prices are up. In fact if this switch had been made already, as it should have been over the past few years aggressively, the country would have already more fully benefited due to the pricing surge. Instead, it remains mired in political and economic arm-wrestling competition between the government, large land holders and international seeds suppliers on the cost, benefits and timing while profits are vaporizing every year.

The need to incent up (stimulate) large, medium and small scale textile enterprise to view this sector as a growth engine is critical. The confidence of the local investor at all levels needs to established. While the security situation appears to be a perennial challenge, large buyers like IKEA (Home Textiles), Levis Strauss & Co. (Apparel) etc. have remained engaged due to emergence of competitive niches. The government needs to ensure that supply of critical inputs into this sector, i.e. yarns both cotton and non cotton (especially) needs to be managed under a long term stable policy which ensures profitability in those sectors and not managed by import and export restrictions to swing the up stream industries artificially. It requires a stable textile policy which is based on global market realities, while creating a local vision and path for local and possibly foreign entrepreneurs to view this sector for the potential it has. The need to support capacity building in the sectors with incentives to the value added sector is critical, while ensuring it does not come at the expense of the upstream sectors is the balancing act which needs to be managed. Most of the times the government policy actions are viewed at the expense of one of the stake holders of the business chain. This has to stop.

Labor Force development, which creates an educated work force at the vocational level and management level in all provinces are critical. Recent demographic changes in the labor forces in India and China in terms of age, mobility and importantly cost increases, make the Pakistani labor competiveness more relevant, provided the challenge of productivity are ready to be met. Infrastructure of education needs a priority which is as equal, if not, more than the security situation. Population is a combustible asset or a liability which can match any security or nuclear priority. A provincial ring of textile educational institutes which target vocational, management and research needs for the industry needs significant investment to match global best in class. A private public partnership to drive this is very important.

Jeanswear

Pakistan’s foreign trade policy needs to seek access not just to US and EU market places but aggressively position itself in Asia, Latin America and Africa. One can argue that trade access to countries like Brazil, China, South Africa etc. can deliver better return on time invested vs. the effort some of the western countries require. Also accelerating the relevance of SAFTA ahead of even political resolutions can provide Pakistan the economic benefit in textiles which can form a part of the political leverage for the future. Currently inbound duty structures in ASEAN prefer India over Pakistan. Through ASEAN, China is also giving duty free access to certain countries in Asia in 2010 and at the same time ramping down duties for other like India while Pakistan holds on to its own FTA which is less compelling. Bottom line is that Pakistan needs to join trade blocks not just negotiate one on one deals.

Another key market area is the domestic retail structure. To protect and develop the textile sector, it is import a robust domestic market is evolved which has brands, retail chains and an employment opportunity for the textile community which serves an end to end market place. This area brings market place insights and an upgrading for the value addition by building consumer and product led capabilities. It also builds a buffer to international fluctuations in demand. Building the domestic capabilities can also help test new ideas and can be the foundation of owing brands globally once the capability is in place for the future. The way to do this is to again include this area to be supported by the vocational training needs of retail staff as well as marketing. At the same time creating an efficient retail infrastructure where focus on modern retail not small plots in commercial zones which don’t have consumers in mind. Our current retail structure does not have parking and footfall capacities which are either environmentally nor financially efficient.

So the moment of truth is here, can we get it together in a number of areas to drive this textile harvest? or are we going to watch the world go by… bye.Levi's 04501-0193.2
Photo by guccio at Moleskiner.cn

Babur Rafiq is Vice President Product Development and Supply Planning based out of Hong Kong for Levi Strauss & Co.

 

 

 

 

 

 

 

 

 

Pakistan Cotton and Textile Industry:

Research articles by Fareeha Qayoom

39. Cotton remains volatile…(Sept 5- Oct 1, 2011)

38. Floods in Pakistan…(August 22-Sept 5, 2011)

37. Cotton continues to be volatile (August 22, 2011)

36. Cotton remains volatile (August 15, 2011)

35. Has the cotton bubble burst yet? (August 1-8, 2011)

34. KCA rates continue to fall…(July 11-18, 2011)

33. KCA rates fall…(July 4-11, 2011)

32. KCA rates start climbing again (June 27, 2011)

31. Finally, some movement after four weeks! (June 22nd, 2011)

30. Cotton prices hold steady IV (June 14, 2011)

29. Cotton prices hold steady III (June 07, 2011)

28. Cotton prices hold steady II (June 01, 2011)

27. Cotton prices hold steady (May 23, 2011)

26. Cotton remains unpredictable (May 16, 2011)

25. Cotton prices remain volatile (May 09, 2011)

24. Cotton prices continue to tumble before a slight recovery on Saturday (May 2nd, 2011)

23. KCA rates tumble in spite of shortages (April 27, 2011)

22. Cotton markets this past week (April 18, 2011)

21. Cotton markets remain volatile while retailers post strong sales for March (April 11, 2011)

20. Cotton this past week (April 05, 2011)

19. Cotton markets continue to be unpredictable (March 28, 2011)

18. Cotton prices remain volatile (March 18, 2011)

17. Cotton prices remain volatile (March 14, 2011)

16. Cotton prices remain volatile (March 07, 2011)

15. ICE futures on the rise again (Feb 28, 2011)

14. ICE Futures cross $2.00 mark (Feb 21, 2011)

13. International Cotton prices continue to be volatile, while Pakistan KCA index remains stable (Feb 14, 2011)

12. Cotton prices set a new record (Feb 07, 2011)

11. Cotton prices remain unpredictable (Jan 31st, 2011)

10. Cotton prices rising again (Jan 24, 2011)

09. Cotton prices hold steady (Jan 17, 2011)

08. Mixed trend holding (Jan 10, 2011)

07. Cotton prices hold steady (Jan 02, 2011)

06. Cotton price fall again (Dec 27, 2010)

05. Cotton prices hold steady (Dec 20, 2010)

04. Cotton prices remain volatile in Pakistan (Dec 13, 2010)

03. Cotton prices rising again (Dec 06, 2010)

02. Has cotton hit bottom yet? (Nov 26, 2010)

01. Markets jittery as crisis deepens (Nov 18, 2010)

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Fareeha Qayoom
Fareeha Qayoom
Publisher and editor-in-chief of Tkfr.com and former print editions of The Knit-Xtyle Fashion Review (tkfr), a trade newsletter for the textile and apparel industry of Pakistan. In short, Publisher, editor, and a blogger. In addition, she has served as Managing Editor of MIT Technology Review Pakistan, print and web editions (2015-16). Total of 7 editions were published under her leadership by ITU, Punjab's first public technology university under the license of MIT Technology Review (USA). She has also managed Value Mag in the same capacity, a real estate and lifestyle magazine for Value TV - 2008-9. Published freelancer for The News on Sunday 1994-96. Fareeha has over 21 years of solid management experience – of managing brands (like Harley Davidson, Munsingwear, Chaps, Chaps Ralph Lauren etc.,), Retailers (like Target, Mervyns, Kohl's, Marks and Spencer etc.,), customers (VPs, Product Managers, Unit Managers, and Buyers), and products (apparel - woven, knits, men's, women's, children's, Print and online publishing units), projects, teams, and processes, information, content, and data, staff, vendors, and time. Versatile and adaptable with international exposure, communication and language skills (oral and written), and a consistent track record of achieving company targets and objectives, plus a MA in Political Science from Punjab University, a MSc in Economics from La Salle University, Louisiana, USA, and a BA in Economics from Kinnaird College for Women.

2248 Comments

  1. More reading?

    Why is apparel industry down in Lahore?
    http://www.tkfr.com/?p=2212

    On the fringe
    http://www.tkfr.com/?p=30

    Pakistan’s garment industry
    http://www.tkfr.com/?p=24

    Made in Pakistan – Angora’s bold new plan
    http://www.tkfr.com/?p=1923

    Made in Pakistan – real clothes by real people made by real people
    http://www.tkfr.com/?p=1775

    Beyond China
    http://www.tkfr.com/?p=34

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  2. Zardari seeks access for Pak products to US, EU markets
    Saturday July 17, 2010 (1148 PST)

    ISLAMABAD: President Asif Ali Zardari on Friday called upon international donor agencies, the world community and the friends of Pakistan to extend optimal support and assistance to the democratic government of Pakistan not only to rescue its war-ravaged economy but also to create vistas of opportunities for the people affected by the war against militancy and terrorism.

    http://paktribune.com/news/index.shtml?229666

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  3. Cotton prices fall by Rs800 in one week

    By Mobin Nasir
    July 17, 2010

    Prices of cotton fell by Rs100 per maund (37.324 kg) in the domestic market on Friday. By the end of the day’s trade, prices in Punjab had slumped to Rs6,500 per maund while those in Sindh dropped to Rs6,100.

    CEO Usman Cotton Company, Ayub Usman, told The Express Tribune that August deliveries were sold as low as Rs6,000 per maund in morning trading on Friday.

    He said such trades provided an early indicator to the day’s activity. He compared the decline in rates, saying “the Punjab market plummeted from Rs6,900 in the morning to around Rs6,450 by the evening.”

    http://tribune.com.pk/story/28393/cotton-prices-fall-by-rs800-in-one-week/

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  4. Textiles Policy 2009-14
    Speech of
    Rana Farooq Saeed Khan
    Minister for Textiles Industry
    Ladies and Gentlemen:
    1. It is a matter of great privilege for me that the Ministry of Textiles has transformed
    the vision of Shaheed Benazir Bhutto into reality by formulating the first ever textiles
    policy of Pakistan under the guidance of President Asif Ali Zardari and Prime Minister
    Syed Yousuf Raza Gilani. This policy was approved today by the Federal Cabinet. It is
    also a matter of great honor for the People’s Government that it has succeeded in given
    this policy which aims to develop this sector as an integrated chain. I am grateful to the
    Finance Minister for his invaluable support and advice in the formulation of this policy.
    The efforts and devotion of the officials of the Ministry of Textiles are also duly
    acknowledged. We have held extensive consultations with all the stakeholders,
    including industrialists, exporters, investors, State Bank of Pakistan and Ministries of
    Finance, Industries, Commerce, Agriculture, Planning and Investment, and their inputs
    are fully reflected in policy.

    http://www.pak.gov.pk/textilepolicy.pdf

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  5. You might find this interesting too…
    Tran­sit rights for India
    Dawn Edi­to­r­ial
    Sun­day, 18 Jul, 2010

    Islamabad’s rejec­tion of Kabul’s demand for tran­sit trade rights for India to facil­i­tate the move­ment of Indian goods to land­locked Afghanistan and beyond was not unex­pected.

    http://www.dawn.com/wps/wcm/connect/dawn-content-library/dawn/the-newspaper/editorial/19-transit-rights-for-india-870-hh-05

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  6. you might find this interesting too… Contributed by Babur Rafiq as a heads up with the following note!

    ” Could have been Pakistan!”

    July 16, 2010
    Bangladesh, With Low Pay, Moves In on China
    By VIKAS BAJAJ
    GAZIPUR, Bangladesh — The eight-lane highway leading from the Bangladeshi capital, Dhaka, narrows repeatedly as it approaches this town about 30 miles north, eventually depositing cars onto a muddy, potholed lane bordered by mangroves and small shops.
    But this is no mere rural backwater. It is the sort of place to which foreign manufacturers may increasingly turn, if the rising wage demands of factory workers in China prompt companies to seek new pools of cheap labor elsewhere.
    Already, in factories behind steel gates and tall concrete walls, tens of thousands of workers, most of them women, spend their days stitching T-shirts, pants and sweaters for Wal-Mart, H&M, Zara and other Western retailers and brands.
    One of the Bangladeshi companies here, the DBL Group, employs 9,000 people making T-shirts and other knitwear. Business has been so good that the company is finishing a new 10-story building with open floors the size of soccer fields, planted with row after row of sewing machines.
    “Our family needed the money, so we came here,” said Maasuda Akthar, a 21-year-old sewing machine operator for DBL.
    As costs have risen in China, long the world’s shop floor, it is slowly losing work to countries like Bangladesh, Vietnam and Cambodia — at least for cheaper, labor-intensive goods like casual clothes, toys and simple electronics that do not necessarily require literate workers and can tolerate unreliable transportation systems and electrical grids.
    Li & Fung, a Hong Kong company that handles sourcing and apparel manufacturing for companies like Wal-Mart and Liz Claiborne, reported that its production in Bangladesh jumped 20 percent last year, while China, its biggest supplier, slid 5 percent.
    “Bangladesh is getting very competitive,” William Fung, Li & Fung’s group managing director, told analysts in March.
    The flow of jobs to poorer countries like Bangladesh started even before recent labor unrest in China led to big pay raises for many factory workers there — and before changes in Beijing’s currency policy that could also raise the costs of Chinese exports. Now, though, economists expect the migration of China’s low-paying jobs to accelerate.
    And while workers in Bangladesh and other developing countries are demanding higher pay, too — leading to a clash between police and protesters earlier this week in a garment hub outside Dhaka — they still earn much less than Chinese factory workers.
    Bangladesh, for instance, has the lowest garment wages in the world, according to labor rights advocates. Ms. Akthar, who is relatively well paid by local standards, earns about $64 a month. That compares to minimum wages in China’s coastal industrial provinces ranging from $117 to $147 a month.
    “The Chinese firms that are beginning to get into trouble are producing textiles, rubber footwear and things like that,” said Barry Eichengreen, a professor of economics and political science at the University of California. “And there are lots of countries in South Asia and East Asia and in Central America that would like to fill this space.”
    But Bangladesh has its own challenges to overcome.
    China’s combination of a vast population of migrant workers, many with at least elementary school educations, along with modern roads, railways and power grids in its industrial provinces, has bestowed it with manufacturing capabilities that countries like Bangladesh cannot offer. Beijing also provides low-cost loans and other incentives to its industries that other countries have trouble matching for theirs.
    Most of Bangladesh, meanwhile, suffers blackouts six to seven hours a day because it has not invested enough in power plants and natural gas fields — deficiencies that the government is working on but that will not be eliminated quickly.
    The country has a literacy rate of only 55 percent — compared with more than 92 percent in China. As a result, workers in this country are only one-fourth as productive as the Chinese in making shirts, jackets and other woven clothes, according to a report by the Center for Policy Dialogue, an independent research organization based in Dhaka.
    Despite its handicaps, Bangladesh nearly doubled garment exports from 2004 to 2009. And the industry now employs about three million people, more than any other industrial segment in this largely agrarian country of 160 million. From June through November last year, garment exports accounted for more than 80 percent of the country’s total exports of $7.1 billion.
    Among developing countries, Bangladesh is the third-biggest exporter of clothing after mainland China, which exported $120 billion in 2008, and Turkey, a distant No. 2, according to the World Trade Organization.
    And with nearly 70 million people of working age, Bangladesh could probably absorb many more of China’s 20 million garment industry jobs.
    Still, some of the changes in China could prove to be mixed blessings for Bangladesh. If China allows its currency, the renminbi, to trade more freely, Bangladeshi exports would become more competitive.
    But a stronger renminbi could also hurt Bangladesh by raising the price of machinery and fabric imported from China, its biggest supplier, said Ahmed Mushfiq Mobarak, an assistant professor of economics at the Yale School of Management. Over time, Bangladesh could buy more from other countries, like India, but those countries first would need to build up significant production capacity.
    And as in China, workers in Bangladesh have started demanding higher pay. In recent weeks, labor protests have periodically shut down garment factories as thousands of workers battled police in Dhaka and other garment hubs like Gazipur. Late last month, police clashed with about 15,000 protesters on a busy Dhaka street lined with garment factories. In one exchange, a clutch of protesters lobbed bricks at police officers from an alley opposite the Outright Fashion factory, before fleeing as the officers charged at them with batons, tear gas canisters and the hot, colored water used to both disperse protesters and mark them for later identification.
    Garment workers are demanding a 200 percent increase in the minimum wage, to 5,000 taka (about $71) a month — which is how much workers with several years of experience now earn. The government, which plans to announce a new minimum wage soon, last increased it in 2006, to 1,662.50 taka (about $24). Since then, inflation has been as high as 9.9 percent a year.
    “Most garment workers live in slum areas where one room costs 2,000 to 3,000 taka,” said Mushrefa Mishu, president of the Garment Workers’ Unity Forum, an association that claims to represent more than 60,000 members.
    Labor leaders want the government to make it easier for workers to form unions — very few factories are unionized today — and to require higher safety standards and better working conditions.
    In January, H&M, Wal-Mart, Gap, Tesco and other Western clothing buyers asked the Bangladeshi government to raise the minimum wage and reset it every year, although the group did not specify what the wage should be. A spokeswoman for H&M, Malin Bjorne, said the company was willing to pay more for clothing to help support higher wages. It is unclear whether other companies would do the same.
    But factory owners here argue that a big increase in wages would make them uncompetitive against Vietnam and other big producers, which have higher labor costs but also have better infrastructure and are more efficient producers. If that happened, Bangladesh’s China opportunity could prove all too fleeting, they say.
    “If it’s 5,000 taka, I would close all my factories,” said Anisul Huq, a former head of the Bangladeshi garment industry’s trade group and a factory owner whose customers include H&M and Wal-Mart. “Even if it’s 3,000 taka, lots of factories will close within three or four months.”

    http://www.nytimes.com/2010/07/17/business/global/17textile.html

    The above story was forwarded by Babur via email…

    However, don’t forget many Pakistani Textiles industrialists have been shifting their operations to Bangladesh quietly (and vocally too)…check out the news logs I have been maintaining on Pak Textiles…so only Pakistan loses out, not the smart textiles’ industrialists…as you know many of them already have joint ventures or business partnerships in Middle East and Africa as well…

    Why is apparel indus­try down in Lahore?
    http://www.tkfr.com/?p=2212

    Posted on May 17th 2010 –

    Spin­ning sec­tor con­sid­er­ing shift­ing busi­ness to Bangladesh

    By Razi Syed

    KARACHI: Lead­ing units of spin­ning sec­tor and exporters of yarn are con­sid­er­ing shift­ing their busi­nesses to Bangladesh. “After last nail in the cof­fin by impos­ing 15 per­cent reg­u­la­tory duty on yarn exports, the spin­ning and yarn exporter sec­tor have no choice other than to go to quota free coun­try”, export com­mit­tee mem­ber of Pak­istan Yarn Mer­chants Asso­ci­a­tion (PYMA), Khalid Rafi said on Sat­ur­day.

    The yarn sec­tor will have to bear an addi­tional tax bur­den of more than Rs 20 bil­lion after impo­si­tion of 15 per­cent reg­u­la­tory duty on yarn export, Rafi main­tained.

    http://www.dailytimes.com.pk/default.asp?page=2010\05\16\story_16-5-2010_pg5_6

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  7. Factory Defies Sweatshop Label, but Can It Thrive?
    By STEVEN GREENHOUSE
    Published: July 16, 2010

    VILLA ALTAGRACIA, Dominican Republic
    SITTING in her tiny living room here, Santa Castillo beams about the new house that she and her husband are building directly behind the wooden shack where they now live.

    The new home will be four times bigger, with two bedrooms and an indoor bathroom; the couple and their three children now share a windowless bedroom and rely on an outhouse two doors away.

    http://www.nytimes.com/2010/07/18/business/global/18shirt.html?src=un&feedurl=http://json8.nytimes.com/pages/world/americas/index.jsonp

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  8. Pak territory will not be used for export of Indian goods: Qureshi
    Press Trust of India, Updated: July 22, 2010 00:56 IST

    Islamabad: The Pakistan government on Wednesday stepped in to counter mounting criticism of a proposed transit trade agreement with Afghanistan, with Foreign Minister Shah Mahmood Qureshi saying the pact will not permit the export of Indian goods through Pakistani territory.

    http://www.ndtv.com/article/world/pak-territory-will-not-be-used-for-export-of-indian-goods-qureshi-38858

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  9. Comment: The Nation

    Indo-US nexus traps Pakistan
    Published: July 24, 2010

    ISLAMABAD – Despite Government’s frequent clarifications that only record note for Afghanistan Pakistan Transit Trade Agreement was not a binding as an agreement, sources in Foreign Office find hardly any option for Pakistan to deviate from the document signed.
    According to the sources, the minutes (record note) of the ministerial meeting on APTTA singed by the respective ministers carry an extraordinary weight for being inked in the presence of the US Secretary of State Hillary Clinton.
    The sources informed TheNation that the purpose of hurriedly signing the understanding – that too in the presence of the US Secretary of State – was meant to tag the would-be agreement with a side letter for transit facility to Indian goods. That is why, the sources added, not only the political circles but also the security quarters have raised eyebrows on this clause of the record note that assures issuance of a side letter for Indian goods’ transit to Afghanistan.

    http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/Politics/24-Jul-2010/IndoUS-nexus-traps-Pakistan

    Afghan transit trade

    Saturday, July 24, 2010
    Nauman Asghar

    Pakistan and Afghanistan are renegotiating their transit trade agreement which was signed in 1965. The revision is not only with regard to Afghan goods’ transit to the Arabian Sea but also for the definition of the terms for Pakistan to secure routes to the Central Asian republics through Afghanistan.

    During the meeting between President Hamid Karzai and President Zardari in Washington in May 2009, the two countries signed a memorandum of understanding to begin talks for renewing the agreement. Pakistan is the largest trading partner of Afghanistan and the two countries’ trade has grown from $170 million in 2000-01 to $1.49 billion in 2008-09.

    India, which has transit trade agreements with Iran, Uzbekistan and Turkmenistan, seeks the shorter Wagah-Khyber transit route to Afghanistan for access to Central Asian markets.
    http://www.thenews.com.pk/daily_detail.asp?id=252628

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  10. ATTA to Destroy Pakistan’s Roads Infrastructure – ICCI

    ISLAMABAD: Islamabad Chamber of Commerce & Industry (ICCI) has shown great concerns over the new Afghanistan-Pakistan Transit Trade Agreement (ATTA) as it will cause devastating effects on the roads infrastructure of Pakistan and called upon the government to take all chambers & other stakeholders of the country on board before finalizing it.

    Zahid Maqbool, President, ICCI said that Afghan containers and trucks usually carry very heavy loads and allowing them direct access to Wagah border will lead to the destruction of Pakistan’s roads infrastructure as our roads and motorways are not sustainable for such transport.

    He said Afghan transit trade has already badly damaged our local industry as it has flooded our markets with smuggled goods while the new ATTA is feared to unleash a new wave of smuggling of Indian goods in Pakistan.

    http://www.onlinenews.com.pk/details.php?id=166298

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  11. Pak-Afghan transit trade pact challenged
    Upadated on: 24 Jul 10 09:57 AM

    Staff Report

    LAHORE: The new Pakistan Afghan Transit Trade Agreement (PATTA) has been challenged Saturday in Lahore High Court (LHC), saying it could further worsen the country’s situation.

    The application against the agreement was filed by local lawyer Shafqat Mehmood Chauhan, with a view that the pact would thrive smuggling of transit goods and terror activities in the country.
    http://www.samaa.tv/News23286-PakAfghan_transit_trade_pact_challenged.aspx

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  12. Business leaders reject Pak-Afghan transit trade pact
    By Hasan Khan
    For CentralAsiaOnline.com
    2010-07-23

    ISLAMABAD – Industrialists and business leaders in Pakistan unanimously rejected the new Pakistan Afghan Transit Trade Agreement (PATTA), saying it will further damage their country’s fragile, terrorism-affected economy.

    “We reject this agreement. It is very damaging for the future of Pakistani industries and businesses,” said Riaz Shahid, president of the Khyber Pakhtunkhwa Chamber of Commerce and Industry (KPCCI).
    http://centralasiaonline.com/cocoon/caii/xhtml/en_GB/features/caii/features/pakistan/2010/07/23/feature-01

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  13. Cotton crop in good condition despite virus attack: Gondal

    MULTAN: Federal agriculture minister Nazar Mohammad Gondal said on Friday that the cotton crop was in a good condition despite a virus attack.
    While talking to the newsmen at the Central Cotton Research Institute (CCRI) Multan, he said that the virus attack was of low intensity compared to previous year and Pakistan is expected to harvest a good crop of silver fibre this year. He said that government had introduced nine cotton varieties including one hybrid, local and Bt cotton varieties.

    http://regionaltimes.com/24jul2010/moneynews/cotton.htm

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  14. 15% yarn export duty may be withdrawn
    MULTAN: The 15 per cent regulatory duty on yarn export may be withdrawn, said the Federal Minister for Food and Agriculture Nazar Mohammad Gondal.

    “Withdrawal of yarn duty is only a few days away,” he said while addressing a ceremony at the Multan Chamber of Commerce and Industry (MCCI) late Thursday evening.

    Responding to a question from industrialists, he said they should keep their hopes alive that the yarn export duty would not continue any further.

    The minister, however, added that it was a battle between spinners and value added sector to safeguard their interests.

    http://tribune.com.pk/story/30554/15-yarn-export-duty-may-be-withdrawn/

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  15. Karachi industrial estates to get four sewage treatment plants
    KARACHI: The Government of Sindh is set to establish four effluent treatment plants in five industrial zones of Karachi, Chief Engineer (Projects), Karachi Water and Sewerage Board (KW&SB), Saleem Siddiqui, informed industrialists during a presentation on Friday.

    He said among the four effluent treatment plants, two will be in SITE area, the third one in Korangi/Landhi and the fourth in Federal B Area/North Karachi. The task has been entrusted to KW&SB.

    Chairman SITE Association of Industry, Salim Parekh, said that the Supreme Court had, during the proceedings of a human rights petition, taken a serious view of pollution in Karachi and directed the Sindh Government to control industrial pollution.

    http://tribune.com.pk/story/30524/karachi-industrial-estates-to-get-four-sewage-treatment-plants/

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  16. Businessmen hail decision for granting one more term to Kayani PDF Print E-mail
    LAHORE, July 24 (APP): The business community has widely hailed the judicious decision of the government for granting one more term to Chief of the Army Staff, General Ashfaq Parvez Kayani for effectively defeating terror and attaining durable peace in the region.

    President Federation of Pakistan Chamber of Commerce and Industry Sultan Ahmad Chawla and VP SAARC Chamber of Commerce and Industry,Iftikhar Ali Malik said that the extension of Gen Ashfaq Parvez Kayani as Chief of the Army Staff was a must to ensure successful continuation of the war against terror not only in Pakistan but in whole of the region.
    They said that peaceful environment coupled with democratically elected stable government is a pre-requisite for sustained economic growth, development and prosperity of the country which they added will only come through a decisive war against terror.
    Iftikhar Ali Malik, Founder Chairman Pak-US Business Council, veteran trade leader said that due to the war on terror and unrest in Afghanistan, Pak economy,in all terms including total destruction of infrastructure has so far suffered 3 trillion dollar loss since 9/11. He said it is the massive loss any country faced in the world just for global peace.
    He said all its affiliated chambers and associated trade bodies unanimously had already announced unflinching and unwavering full support to the government to stamp out the menace of terrorism.

    http://www.app.com.pk/en_/index.php?option=com_content&task=view&id=110243&Itemid=2

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  17. Cotton spot rate declines to Rs5,850 per maund
    Saturday, July 24, 2010
    By our correspondent

    KARACHI: Spot rate of average-quality lint fell by Rs150 to Rs5,850 per maund on Friday due to low demand, dealers said.

    “Fluctuations in the commodity’s prices will continue till the end of August due to a number of reasons, including monsoon and inordinate delays in the decision on removal or extension of the 15 percent regulatory duty on cotton yarn exports,” said Karachi Cotton Exchange Trader Shakeel Ahmed.

    Cotton prices will be stable and may fall further in the coming months because of ample stockpiles. Thanks to favourable weather this year, the government was able to cross the cotton production target of 14 million bales, he said.

    http://www.thenews.com.pk/daily_detail.asp?id=252463

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  18. Can transit trade accord give benefits?
    KARACHI: Pakistan and Afghanistan after a long series of negotiations have signed an understanding called ‘record note’ for a revised transit trade agreement. The main or somewhat controversial feature of the accord is access for Afghanistan cargo to Wagah border from where goods will be shifted to Indian trucks. In return, Pakistan has won access via Afghanistan to the landlocked states of Central Asia.
    What is interesting to note is that soon after the signing of the agreement on July 18, the government took a battering as a lot of criticism flew from all and sundry, particularly trade and industry. Though many highlighted the drawbacks of giving Afghanistan a transit trade route to the border with India, nobody took up the benefits, if any, of unfettered access to the Central Asian states.

    http://tribune.com.pk/story/31083/can-transit-trade-accord-give-benefits/

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  19. Mission to India: UK stalks sub-continent’s economic tiger
    One of the most remarkable trade missions in British history is aiming to secure a slice of India’s growth

    By Dean Nelson
    Published: 9:49PM BST 24 Jul 2010

    When David Cameron touches down in India on Tuesday he’ll be meeting one of his biggest challenges head on: to claim a piece of India’s extraordinary growth story for Britain and, with it, some hope of finding a way out of the UK’s economic doldrums.
    The Prime Minister won’t be landing in the third-world India of the Oscar-winning Slumdog Millionaire but in the world’s second-fastest growing economy, soon to be the fastest.

    http://www.telegraph.co.uk/finance/globalbusiness/7908581/Mission-to-India-UK-stalks-sub-continents-economic-tiger.html

    Can Cameron reignite India’s love affair with Britain?
    As David Cameron heads to New Delhi to foster improved relations, will he succeed in making India our partner in trade?
    By Dean Nelson
    Published: 9:00PM BST 23 Jul 2010

    David Cameron’s decision to take three of his four most senior Cabinet colleagues with him to New Delhi next week, along with his higher education minister, marks a historic moment in almost 400 years of British engagement with India. It gives ceremony to a state of affairs that has been the case for some time but not, until now, acknowledged: we need India more than it needs us.
    For those of you whose most recent glimpse of India was the brutal poverty shown in Slumdog Millionaire, or believed you had just elected a government committed to clamping down on south Asian immigration, think again and steel yourselves: Mr Cameron’s visit with the largest senior Cabinet delegation in recent memory heralds the arrival of an Indian century.
    http://www.telegraph.co.uk/news/newstopics/politics/david-cameron/7907293/Can-Cameron-reignite-Indias-love-affair-with-Britain.html

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  20. Build Pak­istan, Don’t buy Pak­istan

    Shyam Sun­daram
    Albar Sheikh
    Shyam Sun­daram and Albar Sheikh
    Posted: July 27, 2010 12:58 PM

    On her recent trip to Pak­istan, Sec­re­tary of State Hillary Clin­ton unveiled over $500 mil­lion in civil­ian projects as part of the $7.5 bil­lion aid pack­age the U.S. has promised Pak­istan over the next five years. The pur­pose, accord­ing to Sec­re­tary Clin­ton, is to leave behind an era of mis­trust and launch a new period of coop­er­a­tion. Is there evi­dence that this will this work?

    Let’s look at the fig­ures. From 2001 to 2009, Pak­istan received over $11 bil­lion in aid. The result? A whop­ping 68% of Pak­ista­nis have an “unfa­vor­able” view of the United States. This is not to say that aid to Pak­istan has no ben­e­fits, indeed aid projects should con­tinue to play a part in a com­pre­hen­sive solu­tion. How­ever, if the past 9 years has taught the U.S. any­thing, it is that throw­ing money alone at the prob­lem won’t solve it.

    http://www.huffingtonpost.com/shyam-sundaram/build-pakistan-dont-buy-p_b_660819.html

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  21. Regulatory duty on yarn export expires
    By A Reporter
    Tuesday, 27 Jul, 2010

    ISLAMABAD: The Cabinet Committee on Textile on Monday decided not to extend the 15 per cent regulatory duty on export of yarn and directed the ministry of textiles to regularly monitor the yarn supply situation in the domestic market.

    The committee headed by Finance Minister Dr Abdul Hafiz Sheikh observed that the free market mechanism has to be implemented in the country to enable all the segments of the textile industry to be able to stand on their feet in a competitive environment.

    “We have decided that free market system should prevail and there has to be no government intervention in the market as far as export or import is concerned,” Minister for Food and Agriculture Nazar Muhammad Gondal told media after the meeting.

    The committee also directed the textile ministry to monitor the domestic availability of the commodity.

    http://www.dawn.com/wps/wcm/connect/dawn-content-library/dawn/the-newspaper/business/19-regulatory-duty-on-yarn-export-expires-770-hh-03

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  22. US urged to give market access, not aid
    By Parvaiz Ishfaq Rana
    Tuesday, 27 Jul, 2010

    KARACHI: Adviser to the Sindh Chief Minister Zubair Motiwala said on Monday that the United States should give market access instead of aid to enable Pakistan to expand its trade and absorb the unemployed youth in the socio-economic mainstream.

    The strategy could save the vulnerable segment from the influence of the extremist elements.

    He suggested to the US to deduct the loss in duty collection from the aid pledged to Pakistan if it allows duty free access to local products.

    Speaking at the ceremony jointly organized by the USAID and Pakistan Readymade Garments Manufacturers and Exporters Association (Prgmea) to give awards to 320 youths, who took training in apparel and home textile, he said that though Pakistan was confronted with many economic problems but the expansion of economy and creation of jobs is the most pressing of all issues.

    http://www.dawn.com/wps/wcm/connect/dawn-content-library/dawn/the-newspaper/business/19-us-urged-to-give-market-access,-not-aid-770-hh-05

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  23. Bangladesh workers riot over wages
    Thousands of Bangladeshi garment workers have rioted in the streets of capital Dhaka while protesting against a wage increase that fell far short of their demands.

    The government had announced on Thursday an increase in monthly salaries from 1,662 taka ($24) to 3,000 taka ($43), for millions of workers in the the key export garment industry after weeks of protests.

    But the workers, who make clothing for international brands like Marks & Spencer, JCPenney, Wal-Mart and H&M, are seeking a minimum monthly salary of 5,000 taka ($72).

    http://english.aljazeera.net/news/asia/2010/07/201073081556414975.html

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  24. Bangladesh wages protest broken up
    (UKPA) – 2 hours ago
    Police have used riot gas to disperse thousands of Bangladeshi clothing workers staging an angry protest over low wages.
    The demonstrators smashed vehicles and blocked traffic in the centre of Dhaka, the site of dozens of garment factories.
    The violence came a day after the government raised monthly minimum wages for the country’s millions of garment workers by about 80%, after months protests over poor pay and working conditions.
    Workers and union leaders said the raise is inadequate and does not match the high cost of living.
    In the first increase since 2006, the official minimum wage has been set at 3,000 takas (£29) a month, up from 1,662 takas (£16). Workers and labour rights groups have pressed for a monthly wage of 5,000 takas (£46).

    http://www.google.com/hostednews/ukpress/article/ALeqM5gJFHDTlivQ-ZDw6oWRHfdlyaR8oA

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  25. Need to protect indigenous cotton varieties
    ANUM MUSHTAQ
    ARTICLE (August 07 2010): Finally, the government allowed Monsanto, American entrepreneur, take measures to supply the seeds of its Bt cotton in the years to come so that it could replace indigenous cotton varieties for enhanced yield. Pakistan is the fourth largest cotton producing country in the world without Monsanto’s Bt cotton. What would be its ranking in the global market after the arrival of Monsanto’s cotton is yet to be ascertained.

    At present, the cotton growers of Pakistan are using genetically modified seeds, though unregistered. In Sindh, 90 percent of the total cotton grown relates to Bt varieties, which is, however, 50 percent of Punjab. The government envisaged agenda is to increase the cotton production by increase in yield.

    For this purpose, the government is keen to buy genetically modified seeds from the foreign companies like Monsanto, without evaluating the pros and cons of cultivation of favoured Bt cotton from the US company on the hybrid indigenous varieties already under cultivation in Pakistan. In fact, the acquisition of technology or registration of indigenously developed seeds is much cheaper option because Monsanto’s Bt cotton seed yields one crop only. Therefore, the cotton growers would have to buy Bt cotton seeds from the foreign companies, every year. It would generate cyclical loss to the poor cotton growers, causing elimination of indigenously developed Bt cotton seeds.

    http://www.brecorder.com/index.php?id=1088591&currPageNo=1&query=&search=&term=&supDate=

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  26. Brisk cotton trade amid low supply
    Sunday, August 08, 2010
    By our correspondent

    KARACHI: Trading on local cotton market remained brisk on Saturday despite higher prices as mill-owners faced a shortage of the commodity, dealers said.

    Over 5,500 bales of raw cotton were sold at prices between Rs6,050 and Rs7,000 a maund in the local market. Seedcotton (Phutti) was priced between Rs2,500 and Rs3,200 per 40-kg. A number of deals of cottonseed (Banola) were made at prices between Rs820 and Rs920 per maund in the country.

    Spot rate of the Karachi Cotton Association remained unchanged at Rs6,600 a maund for average quality lint.

    http://www.thenews.com.pk/daily_detail.asp?id=255369

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  27. Comment: Transit trade: a benign opportunity for Kabul
    By Cyril Almeida
    Monday, 09 Aug, 2010

    KABUL: Expressing surprise at the reaction in Pakistan to a new Afghan Transit Trade Agreement, Afghan Commerce Minister Anwarul Haq Ahadi has revealed that the text of the updated ATTA is likely to be finalised in the next week and a formal signing ceremony between the two countries will be held at the end of the month, or possibly in early September.

    In an interview in his office at the Commerce Ministry, Mr Ahadi was adamant the agreement was not unfair to Pakistan. “This agreement is based on reciprocity. What we have asked from Pakistan, we have offered too,” according to the minister. “Tell me anything that is unfair and we’ll fix it.”

    The ATTA has drawn considerable criticism in Pakistan since Mr Ahadi and his Pakistani counterpart, Commerce Minister Amin Fahim, signed the record notes/minutes of the 7th meeting of Pakistan-Afghanistan Joint Working Group on July 18.

    http://www.dawn.com/wps/wcm/connect/dawn-content-library/dawn/the-newspaper/front-page/19-transit-trade-a-benign-opportunity-for-kabul-980-hh-12

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  28. Rs12bn of textile exporters stuck up in drawback claims: PTEA

    FAISALABAD (updated on: August 11, 2010, 23:08 PST): Funds amounting to Rs 12 billion of textile exporters have been stuck up in drawback regime as the State Bank of Pakistan (SBP) is not disbursing their claims for the last two months.

    This was disclosed by the Chairman Pakistan Textile Exporters Association Khurram Mukhtar and Vice Chairman Sohail Pasha in a statement issued here on Wednesday.

    They said that in the face of fierce competition in the international market from rival countries like India, China and Bangladesh, Pakistani textiles were struggling to maintain their position on the basis of local taxes drawback. But huge amounts of drawback claims are lying unprocessed with the SBP which has created liquidity crunch for the exporters. The SBP has raised the markup rate on commercial credit and the exporters find themselves unable to expand their export turnover, they added.

    The PTEA office bearers pointed out that the exporters were already working under difficult conditions as the cost of inputs and raw material was increasing after removal of regulatory duty on export of yarn.

    By exporting our raw material, we are strengthening the rival countries on one hand and strangulating the home industry on other by depriving them of essential and basic raw material, they said and added that the advantage of home grown raw material was thus being lost.

    The situation is going from bad to worse as the upcountry textile industry is facing severe shortage of gas, electricity and petroleum products. Two days of gas loadshedding in a week and hourly closure due to electricity load shedding were shedding negative impact on productivity with the result that production was reduced by almost

    one half and the cost of manufacturing was escalating, they contended.

    The elaborated that the cumulating effect of these negative factors w as that the Pakistani textiles were unable to compete in international market.

    Khurram Mukhtar and Sohail Pasha said that in the last fiscal textile exports had crossed 10 billion dollars export bench mark and would be achieving far better results if the circumstances remained conducive. But the liquidity crunch created by the blockage of local drawback claims would play havoc with the tempo of exports.

    They demanded immediate release of exporters funds stuck up in drawback regime to give necessary push to textile exports.

    Copyright APP (Associated Press of Pakistan), 2010

    http://www.brecorder.com/latestindex.php?latest_id=12879&cindex=00&current_page=1

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  29. Floods damage Pakistan’s wheat, cotton, sugar crops
    ISLAMABAD: Floods in Pakistan have destroyed about 500,000 tons of wheat, meaning a smaller surplus for the country this year, and also hit sugar and cotton supplies, agriculture officials said on Thursday.

    Flooding, which began two weeks ago on heavy rains, has also destroyed up to two million bales of cotton, industry officials said. Pakistan’s output of refined sugar could also fall by 500,000 tons because of damage to the crop from the floods, a farmer association said.

    http://www.dawn.com/wps/wcm/connect/dawn-content-library/dawn/news/pakistan/04-wheat-floods-lost-qs-04

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  30. 800,000 cotton bales damaged in Southern Punjab
    HAMID WALEED
    LAHORE (August 13 2010): Some 800,000 cotton bales have been damaged by flood devastation in Southern Punjab so far, said textile industry sources. According to the reliable sources, a total of 540,000 acres of cotton sowing area in Southern Punjab is affected badly from flood where standing cotton crop is damaged heavily.

    Especially, said the sources, districts like Jhang, D G Khan, Rahim Yar Khan, Layyah, Bhakkar and Muzaffargarh are the worst hit of flood water, causing extensive damage to the standing cotton crops there. It may be noted that the spot rate and lint prices kept on galloping on cotton market and the Karachi Cotton Association (KCA) official spot rate was extended by Rs 100 a day earlier to Rs 7000. On the other hand, some 4700 cotton bales changed hands in the ready business between Rs 6300 – 7400.

    http://www.brecorder.com/index.php?id=1091118&currPageNo=1&query=&search=&term=&supDate=

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  31. Prices slump on cotton market
    DR ZAFAR HASSAN
    LAHORE (August 13 2010): After rising rapidly over the past several days on fears of crop damage, deterioration of quality and possible delay in arrivals, cotton prices conceded between Rs 100 to Rs 150 per maund (37.32 Kgs) in Sindh, while in the Punjab they slided by about Rs 300 to Rs 400 per maund on reported improvement in arrivals.

    With reduced rains in many parts of the cotton belt and improvement in transport lint prices fell significantly almost overnight. It may be noted that Pakistan has been facing a horrendous disaster following rains and floods not seen over the past eighty years which have wreaked havoc on the nation. Besides large scale physical damage, nearly 1600 people have lost their lives and about fourteen million people have been rendered homeless.

    http://www.brecorder.com/index.php?id=1091239&currPageNo=1&query=&search=&term=&supDate=

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  32. ‘Pakistan’s share in global textile exports is one percent’
    RECORDER REPORT
    ISLAMABAD (August 13 2010): Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has urged the government to look into the reasons why Pakistan’s share in textile is only one percent in global exports despite being a cotton producing country.

    “Pakistan is the third largest cotton producing country but its share of $3.90 billion is just one percent of global garments trade of $361 billion and its ranking in exports of garments and apparel is 12th in the world,” said Bilal Mulla, former Chairman PRGMEA in a chat with Business Recorder .

    He challenged the policy of allowing export of raw cotton if the government’s objective was to raise overall exports and employment opportunities by increasing exports of value added goods. Bangladesh is not producing a single kilogram of raw cotton but exporting readymade garments to the tune of $10.920 billion which is 3 percent of global share. Bangladesh entered the garments business in mid 90’s and increased its exports due to better infrastructure, improved law and order situation, low wages, efficient labour, government’s support and market access in EU and USA.

    http://www.brecorder.com/index.php?id=1091086&currPageNo=1&query=&search=&term=&supDate=

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  33. Leather industry may face shortage of raw material
    RECORDER REPORT
    ISLAMABAD (August 12 2010): Pakistan’s leather industry may face an acute shortage of raw material as recent floods have swept away thousands of animals, Pakistan Tanners Association (PTA) said on Wednesday. According to PTA, Pakistan’s leather exports from last few years are continuously decreasing. In 2008-09 the sector faced a sharp decline of 28 percent in leather goods export, while on the other hand Indian exports of the same commodity witnessed a 26 percent increase in the first six months of 2009.

    PTA Secretary General, Faheem Ahmed while talking to Business Recorder said that during fiscal year 2007-08, the country’s export of leather goods stood at $1.15 billion, during 2008-09 at $943 million and during 2009-10 Pakistan’s leather goods exports witnessed a further decline to $860 million. He said that the declining trend in the exports of leather products is alarming. These garments face stiff competition from Chinese and Indian products, he added.

    http://www.brecorder.com/index.php?id=1090731&currPageNo=1&query=&search=&term=&supDate=

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  34. Trade Policy 2010-11likely before August-end
    By: Imran Ali Kundi | Published: August 14, 2010

    ISLAMABAD – The Government is likely to announce the much delayed new Trade Policy 2010-11 in the end of ongoing month (August), sources informed TheNation here on Friday.
    According to sources, the Ministry of Commerce is planning to give a detailed presentation to Prime Minister Syed Yousuf Raza Gilani in the third or fourth week of the current month. After giving presentation to the Premier, the draft of the new policy would be tabled before the Cabinet for final approval.
    It is worth mentioning here that government announces trade policy in the second or third week of July every year. However this year due to several issues including non-availability of Prime Minister Syed Yousuf Raza Gilani, as he is to be given presentation on new policy, Pak-Afghan Transit Trade Agreement negotiations, and flood situation had delayed the trade policy.
    According to sources, the Ministry of Commerce is all set to present the new Trade Policy 2010-11 and it has already given a detailed presentation to the Commerce Minister Makhdoom Amin Fahim, however, it is seeking time from the Prime Minister for presentation of the policy. Due to the given problem, the Trade Policy hits snags and now it is expected that it would be unveiled in the last weeks of the ongoing month.
    The Government was earlier expecting to set $ 21.5 billion export target for the ongoing fiscal year, however, according to the sources, now the Government might fix less target than $ 21.5 billion, because the floods have devastated the agriculture sector especially cotton crop. Cotton is commonly used in textile sector, which is 55 percent of the overall exports of the country. Therefore sources believed that the Government would consider slashing the proposed export target.

    http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/Business/14-Aug-2010/Trade-Policy-201011likely-before-Augustend

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  35. Reviving flood-hit economy: Govt to seek market access to US, Europe
    By Nasir Jamal
    Wednesday, 18 Aug, 2010

    LAHORE, Aug 17: Textile Minister Rana Farooq Saeed on Tuesday said the government will seek greater access for its textile exports to USA and Europe to shore up its sliding economy in the wake of the worst floods in the country’s history.

    Speaking to spinners here he said his ministry was initiating the process for seeking 10-year preferential market access from Europe and the US – the two largest importers of Pakistani textiles – in view of the vast economic losses suffered due to floods and the war against terrorism.

    The textile industry has called upon the government to demand greater access for their exports in the US and European markets as the floods had devastated the national economy and displaced more than 15 million people across the country.

    http://www.dawn.com/wps/wcm/connect/dawn-content-library/dawn/the-newspaper/business/reviving-floodhit-economy-govt-to-seek-market-access-to-us,-europe-880

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  36. New Indian cotton policy may benefit Pakistan
    MUMBAI (August 18 2010): India has allowed cotton exports without mandatory licences, but the registration process will be required, a government notification said on Tuesday. The notification said the above will come into effect from October 1, 2010, when the cotton year begins. India halted export registration on April 19 and allowed exports under licence on May 21 to rein in prices.

    “It’s true and we were expecting this to happen as our output this year looks comfortable,” said a senior official in the textile ministry, who did not want to be identified. India is likely to produce 31-33 million bales of the fibre in 2010/11 up from 29.5 million bales in 2009/10.

    http://www.brecorder.com/index.php?id=1093118&currPageNo=1&query=&search=&term=&supDate=

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  37. EDITORIAL
    Pakistan: A Trade Deal to Help Rebuild
    Published: August 17, 2010

    One of the best long-term ways to help Pakistan — and improve America’s image there — is to help Pakistanis help themselves. That is why President George W. Bush and now President Obama have pushed for slashing protective tariffs on the textiles and apparel products that are Pakistan’s biggest exports to the United States.
    http://www.nytimes.com/2010/08/18/opinion/18wed2.html?partner=rssnyt&emc=rss

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  38. 15 percent of cotton crop lost: ICAC
    WASHINGTON (August 19 2010): Pakistan lost 15 percent of its cotton crop to flooding, an international farm group estimated, which would reduce the harvest to 1.9 million tonnes. The International Cotton Advisory Committee secretariat said in a statement on Tuesday that “best guesses are that 6-8 percent of the total cotton area has been lost entirely.”

    Additional losses will come from pests such as bollworms and water-logging of plants. “While considerable uncertainty remains, the secretariat is revising its estimate of the 2010/11 Pakistan crop down by 15% to 1.9 million tonnes,” said the statement, from the earlier 2.2 million tonnes. It estimated cotton mill consumption in Pakistan would fall by 100,000 tonnes. Pakistan is one of the world’s largest cotton growers along with China, India, the United States and Brazil and is a leading miller.

    http://www.brecorder.com/index.php?id=1093495&currPageNo=1&query=&search=&term=&supDate=

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  39. Pakistan’s textile seeks greater market access
    Thursday, 19 Aug, 2010

    KARACHI: Pakistan’s textile industry is asking for greater access to the US and European Union markets as it struggles for survival after floods devastated the country.

    Industry representatives say flood damage to the cotton crop and consequent supply shortages could be a final blow to an industry that is already under pressure from shrinking global demand, crippling power shortages and instability brought on by a Taliban insurgency. Textile makers are asking for support to help make up for the losses.

    “We have requested that the government ask the EU and US for greater market access,” said an official at the All Pakistan Textile Mills Association.

    http://www.dawn.com/wps/wcm/connect/dawn-content-library/dawn/news/business/06-pakistans-textile-seeks-greater-market-access-rs-01

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  40. ICCI says Russia a potential market for Pakistani exports
    Thursday, 19 Aug, 2010

    ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) has urged the government to review its strategic trade and export policies and turn its focus towards Russia and Central Asian states which could turn out to be a huge market for Pakistani products.
    Zahid Maqbool, President, ICCI said that Russia was a market of 145 million people with consumer goods demand of billions of dollars.

    Thus Russia and its neighboring countries form an attractive market for Pakistani exports, especially in the field of textile and garments, rice, leather, sports goods, surgical equipments and pharmaceuticals, he said in a statement issued here on Wednesday.

    http://www.dawn.com/wps/wcm/connect/dawn-content-library/dawn/news/business/icci-says-russia-a-potential-market-for-pakistani-exports-jd-02

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  41. Pakistan floods renew focus on stalled US trade bill
    WASHINGTON: Devastating floods in Pakistan have renewed attention to an unfulfilled US promise to create a trade program to help that country recover from an earthquake in 2005 that took close to 80,000 lives.
    A coalition of Pakistani American organisations on Thursday urged President Barack Obama to press Congress to approve the “Reconstruction Opportunity Zones” bill first promised by former President George W Bush.

    http://tribune.com.pk/story/41123/pakistan-floods-renew-focus-on-stalled-us-trade-bill/

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  42. India may benefit from cotton crop failure in Pakistan
    Thursday, 26 Aug, 2010

    MUMBAI: Pakistan’s devastating floods may have destroyed up to a fifth of the country’s cotton crop, analysts say, handing an opportunity to exporters in neighbouring India who are eyeing the shortfall.

    Indian producers will seek to take advantage of a government decision last week to lift a ban on exports to help meet demand from Pakistan’s textile industry. The restriction was imposed in April to keep domestic prices down.

    http://www.dawn.com/wps/wcm/connect/dawn-content-library/dawn/the-newspaper/business/india-may-benefit-from-cotton-crop-failure-in-pakistan-680

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  43. apparel –

    Floods severely damage leather industry
    Thursday, 26 Aug, 2010
    ISLAMABAD: The huge devastations caused by massive floods are feared to play havoc with leather industry worth one billion US dollar in the country.
    http://www.dawn.com/wps/wcm/connect/dawn-content-library/dawn/news/business/floods-severely-damages-leather-industry-jd-01

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  44. Cotton crop in Punjab under fungus attack
    By Ahmad Fraz Khan
    Tuesday, 07 Sep, 2010

    LAHORE: Cotton crop in Punjab has come under fungus attack as prolonged monsoon causes hot and humid weather in most parts of the province.

    According to officials of the Punjab agriculture department, there had never been fungus problem in cotton crop, but bolls are now rottening due to exceptionally high humidity and persistent rains, which is causing fungus on them.

    http://www.dawn.com/wps/wcm/connect/dawn-content-library/dawn/the-newspaper/business/cotton-crop-in-punjab-under-fungus-attack-790

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  45. EU leaders are due to meet next week to discuss implementing trade concessions for Pakistan. The deal worth hundreds of millions of euros is being touted as an effort to maintain stability in the flood-hit country.

    http://www.euronews.net/2010/09/11/eu-poised-to-give-pakistan-trade-breaks/

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  46. EU ministers discuss helping Pakistan recover
    By MIKE CORDER

    The European Union is considering waiving World Trade Organization tariffs levied on Pakistan’s exports as a way of helping the flood-devastated country boost its economy, a diplomat familiar with the talks said Friday.

    http://www.businessweek.com/ap/financialnews/D9I55UIO1.htm

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  47. China Shifts From Emphasis on Low-Cost Factories
    By DAVID BARBOZA
    Published: September 15, 2010

    DONGGUAN, China — Companies here in China’s industrial heartland are toiling to reinvent their businesses, fearing that the low-cost manufacturing that helped propel the nation’s economic ascent is fast becoming obsolete.

    http://www.nytimes.com/2010/09/16/business/global/16factory.html?_r=1&nl=&emc=aua1

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  48. EU agrees to give Pakistan textiles better market access
    By: Erum Zaidi | Published: September 16, 2010

    KARACHI – The EU has decided to accept Pakistan’s request of allowing its textile goods a preferential market access to the European trade markets with an aim to help recover country’s fragile economy from devastating floods, which have caused widespread damage and losses to economy, especially the agriculture sector. The formal declaration from the EU with regard to this decision is expected to be made soon, most probably next month.
    http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/Business/16-Sep-2010/EU-agrees-to-give-Pakistan-textiles-better-market-access

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  49. Cameron urges Pakistan trade link
    (UKPA) – 35 minutes ago
    David Cameron is to urge EU leaders to back a major new trade partnership between Europe and Pakistan in the wake of the worst floods in the country’s history.
    He will tell a summit in Brussels that the scale of the disaster warrants a response far beyond the vital immediate humanitarian effort.

    http://www.google.com/hostednews/ukpress/article/ALeqM5hfD1mR4eS13w8phEnBA4F4lh2uUQ

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  50. David Cameron to push EU to ease Pakistan trade terms
    PM wants to give Pakistan ‘enhanced access’ to EU markets, but is likely to find opposition from more protectionist countries

    Ian Traynor in Brussels and Nicholas Watt
    guardian.co.uk, Wednesday 15 September 2010 20.49 BST

    David Cameron is pressing the European Union to agree a new regime of trade concessions to Pakistan to alleviate the country’s plight in the medium term, but has run into formidable opposition among more protectionist EU countries.

    http://www.guardian.co.uk/world/2010/sep/15/david-cameron-eu-pakistan-trade

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  51. KSE rises 36 pts as EU grants trade concessions for Pak exports

    KARACHI: The Karachi stock market closed in the positive zone on the last trading day of the week Friday as the European Union leaders’ agreement to grant limited trade concessions for Pakistan’s exports boosted investors’ confidence, mainly in the textile sector.

    http://www.dailytimes.com.pk/default.asp?page=2010\09\18\story_18-9-2010_pg5_16

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  52. Cotton market faces brisk trading session

    Staff Report

    KARACHI: The Karachi cotton market witnessed a brisk trading activity on back of higher demand amid strong physical prices and stable spot rate, traders at the Karachi Cotton Association (KCA) said Friday.

    Majority of the deals matured on sellers’ asking prices while quality lint saw slightly higher prices on paucity of stuff in Punjab and Sindh stations during the trading session, floor brokers said.

    http://www.dailytimes.com.pk/default.asp?page=2010\09\18\story_18-9-2010_pg5_10

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  53. Rates remain stable on cotton market
    RECORDER REPORT
    KARACHI (September 18 2010): Firmness prevailed on the cotton market on Friday as a result of tight supply position. In the meantime, local markets were closed due to assassination of Dr Imran Farooq in London on Thursday, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 6,850, they said.

    http://www.brecorder.com/index.php?id=1103539&currPageNo=1&query=&search=&term=&supDate=

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  54. Finalisation of EU concessions: textile sector upbeat, government cautious
    MUSHTAQ GHUMMAN
    ISLAMABAD (September 18 2010): Pakistan’s textile sector and government have divergent understanding on the ‘unilateral’ trade concessions agreed by the European leaders at a European Council Summit on Thursday after a week-long diplomatic efforts made by Pakistan’s delegation, led by Foreign Minister. The private textile sector contended that the deal would imply an increase of 2 billion dollars of textile exports to the 27-member European Union (EU).

    http://www.brecorder.com/index.php?id=1103305&currPageNo=1&query=&search=&term=&supDate=

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  55. Aptma concerned over rise in power tariff
    RECORDER REPORT
    LAHORE (September 17 2010): All Pakistan Textile Mills Association (Aptma) Punjab management has expressed serious concerns over the strident rise in electricity tariff for the textile industry, shooting from Rs 3.7Kwh in August 2006 to Rs 7.15Kwh in January 2010, about over 100 percent increase during last four years.
    http://www.brecorder.com/index.php?id=1103061&currPageNo=1&query=&search=&term=&supDate=

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  56. Pakistan Cotton Imports to Jump as Floods Damage Crop, Demand Increases
    By Debarati Roy – Sep 22, 2010 12:07 AM GMT+0500

    Pakistan, the world’s third-largest cotton user, may import as much 50 percent more of the fiber this year as the nation’s worst-ever floods destroy crops and textile demand increases, an industry official said.

    Imports may reach 3 million bales, compared with about 2 million last year, according to Muhammad Arshad, a vice president at the Pakistan Central Cotton committee, a government-supported organization. Output may drop to 12.5 million bales, below last year’s total of 12.7 million bales and a pre-flood forecast of 14.1 million, he said.

    http://www.bloomberg.com/news/2010-09-21/pakistan-cotton-imports-to-jump-as-floods-damage-crop-demand-increases.html

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  57. Indian cotton exporters annul Pakistani orders
    September 21, 2010 (Pakistan)

    All Pakistan Textile Mills Association (APTMA) recently stated that, exporters in India have cancelled orders for exporting 200,000 cotton bales to traders in Pakistan. This is despite confirming these very orders.

    Shahzad Ahmad, an APTMA member divulged that, Pakistani traders placed orders for importing 522,000 cotton bales which were confirmed by Indian exporters, but now Indian exporters have invalidated orders to the tune of 200,000 bales.
    http://www.fibre2fashion.com/news/textile-news/newsdetails.aspx?news_id=91135

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  58. Indian traders cancel major cotton export orders
    Cotton prices have shot up 7% in about a week in Pakistan propelled by reports that India has stopped export of fibre to Pakistan, market sources said yesterday. In the international market, New York cotton October futures closed at $1.10 per pound and December futures at $1.20 per pound, a lint analyst said. “The Indian exporters have finally decided not to honour the commitment of 550,000 bales export to Pakistani importers on back of higher lint prices in the international market,” fibre analyst, Shakeel Ahmad said. He said the Indian traders by ignoring all international trading norms and condition suspended the export to Pakistan.
    http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=387346&version=1&template_id=41&parent_id=23

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  59. Textile export registers 23 percent growth
    RECORDER REPORT
    KARACHI (September 23 2010): The country’s textile export has posted a healthy growth of 23 percent during the first two months of the fiscal year 2010-11 mainly due to high unit price in the world market.

    According to statistics released by Federal Statistics Bureau (FBS), the country’s overall textile export have reached 1.975 billion dollars mark during the first two months (July-August) of the current fiscal year as compared to 1.601 billion dollar exports during the same period of the last fiscal year, depicting an increase of 23.34 percent or 370 million dollar.
    http://www.brecorder.com/index.php?id=1105062

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  60. Lotte Pakistan Plans to Spend $500 Million to Increase Chemical Production
    By Khurrum Anis – Sep 24, 2010 9:24 AM GMT+0500

    Lotte Pakistan PTA Ltd., the nation’s only producer of pure terephthalic acid, plans to spend $500 million to increase output as demand rises for the chemical used in making polyester.

    “The investment may be in another plant producing the same product in Pakistan,” Asif Saad, chief executive officer of the company, said in an interview in Karachi yesterday, without giving details. Lotte Pakistan is yet to decide a timeframe for the investment, Zain Talpur, a company spokesman, said today.

    Demand for pure terephthalic acid may increase as textile makers use more polyester after the nation’s worst-ever floods destroyed cotton standing in fields, according to Syed Abid Ali, a research analyst at Arif Habib Securities Ltd. in Karachi. A jump in cotton prices to a 15-year high this month may also boost polyester demand.

    http://www.bloomberg.com/news/2010-09-24/lotte-pakistan-plans-to-spend-500-million-to-increase-chemical-production.html

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  61. New fabric defies sweat stains 1:55 Report

    Sept 30 – Two entrepreneurs say they have invented a revolutionary new material which will put an end to the embarrassment of sweat stains. Stuart McDill reports.

    http://www.reuters.com/news/video?videoId=163757568&feedType=nl&feedName=ustechnology&videoChannel=6

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  62. Discount Stores Crop Up in Manhattan’s Elite Neighborhoods
    By JULIE SATOW
    Published: October 12, 2010
    Benefiting from falling commercial rents and recession-driven demand, discount clothing stores are emerging from the fringes of New York real estate and opening branches along fashionable avenues and in luxury developments.
    http://www.nytimes.com/2010/10/13/realestate/commercial/13discount.html?nl=&emc=aua21

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  63. Clothing prices rise for first time since 1990s
    The price of clothing and footwear have risen for first time since early 1990s, according to official figures, raising the fear that the era of cheap imports from the Far East is over.

    By Harry Wallop, Consumer Affairs Editor
    Published: 3:20PM BST 12 Oct 2010

    The Office for National Statistics said the annual rate of clothing and footwear inflation was 0.9 per cent in September, the first rise since 1992.

    Prices rose by 6.4 per cent between August and September, the largest increase for that period since records began, as shopkeepers put up the prices of their Autumn clothing ranges and started to prepare for next year’s increase in VAT.

    http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/8059337/Clothing-prices-rise-for-first-time-since-1990s.html

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  64. Afghan transit trade agreement
    After prolonged negotiations, the governments of Pakistan and Afghanistan finally signed the Afghan Pakistan Transit Trade Agreement on October 28. This a welcome step in our relationship with Afghanistan beyond the national security paradigm. Both governments want a long-term partnership that rests on a solid economic foundation as a recipe for sustainable mutual cooperation. The accord, which allows Afghanistan access to Pakistani seaports and Pakistani businesses access to Central Asian markets, is likely to boost overall trade volumes of each country. Government officials in Islamabad estimate that Pakistani exports could increase by as much as $2 billion a year. Afghanistan, likewise, will be able to expand its legitimate international trade which should help to curb smuggling activity in the long-run.
    http://tribune.com.pk/story/69602/afghan-transit-trade-agreement/

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  65. Financial crises: 1,579 industrial units close during last five years, says Bijarani
    ALI HUSSAIN

    Business Recorder Logo ISLAMABAD (November 05, 2010) : The Senate was informed on Thursday that overall 1,579 industrial units were closed throughout the country during the last five years mainly because of financial constraints. Responding to questions of the members in Upper House of the Parliament during question hour, Minister for Industries and Production Mir Hazar Khan Bijarani, however, said that the government was making efforts to revive these units again that could help improve country’s economy.
    http://www.brecorder.com/news/business-and-economy/pakistan/1121118:financial-crises-1-579-industrial-units-close-during-last-five-years-says-bijarani.html

    Over 1,500 industrial units closed in 5 years
    By Kalbe Ali
    Friday, 05 Nov, 2010

    ISLAMABAD, Nov 4: Of the 1,579 industrial units shut down over the past five years, 700 were from Sindh and 688 from Khyber Pakhtunkhwa, the Senate was informed on Thursday.

    In a written reply to a question raised by Prof Khursheed Ahmed, the ministry of industries and production said that 115 industries had been closed in Punjab and 29 in Balochistan since 2005.

    Another 47 units were closed in the export processing zones, rendering 530 workers jobless.

    http://news.dawn.com/wps/wcm/connect/dawn-content-library/dawn/the-newspaper/front-page/over-1,500-industrial-units-closed-in-5-years-510

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  66. War against terror, Flood, demands loans to be written off: Ikhtiar Baig PDF Print E-mail
    ISLAMABAD, Nov 4 (APP): Advisor to PM on Textile Dr Ikhtiar Baig has said that loans on Pakistan should be written off because the country has suffered mass devastation due to floods and war against terror. Talking to a Private news channel, on Thursday, Baig said Pakistan spends one third of its GDP in paying loans every year so government is taking useful measures to bring down the ratio of loans. He said Pakistan can not pay full attention to the war against terror and rehabilitation of flood affected in the present scenario when it has to sacrifice a chunk of its GDP in paying loans.

    http://app.com.pk/en_/index.php?option=com_content&task=view&id=121118&Itemid=2

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  67. EU trade package to ignore Pakistan’s wish list
    By Khurram Bari Khan
    KARACHI: The European Union is unlikely to accept Pakistan’s reluctant demand to amend the trade concession package and include a bunch of major export articles like apparel and home textile, a government official said on Thursday.
    “We asked the EU to either include or replace 15 items from their list of 75, but both requests have not been considered yet,” said Zubair Motiwala, Advisor to Sindh Chief Minister, who prepared the list comprising bed linen, knitwear and other finished products.

    http://www.thenews.com.pk/05-11-2010/business/

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  68. Doing business: Pakistan falls by nine places
    By Mehtab Haider

    ISLAMABAD: The World Bank’s report on ‘Doing Business 2011’ has further downgraded by eight notches Pakistan’s overall ranking in one year, during the tenure of the PPP-led regime. The country has slipped to the 83rd spot in 2011 against the 75th position in 2010, indicating the growing misgovernance and mismanagement.
    According to the WB’s report on Doing Business 2011 titled ‘Making a Difference for Entrepreneurs’, Pakistan’s ranking went down in eight categories out of the total nine as the country, in terms of starting a business, nosedived to the 85th position in 2011 against the 69th position in 2010, indicating that the ranking declined by 16 notches in one go.

    http://www.thenews.com.pk/05-11-2010/Top-Story/1820.htm

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  69. Cotton soars to new high on China cold
    The price of cotton has soared to a new record, after cold weather threatened to damage the crop in China, the world’s biggest consumer.

    By Rowena Mason, Commodities
    Published: 6:30AM BST 26 Oct 2010

    The fibre on Monday hit $1.2471 per pound, rising by 4.2pc, or 5 cents, which is the maximum allowed by the ICE exchange in New York, .

    Chinese weather forecasts are saying that the current cold snap will last for at least another day.

    http://www.telegraph.co.uk/finance/markets/8086290/Cotton-soars-to-new-high-on-China-cold.html

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  70. Wednesday, October 27, 2010
    Indias Cotton Export Restrictions Being Challenged

    Textile World magazine just published an article dicsussing Indias export restrictions on cotton. You can read it at http://www.textileworld.com/articles/2010/October/Indiaxs_Cotton.html . It discusses how every major trade organization is protesting Indias new export policy on cotton fiber and yarns. They are restricting export to keep domestic prices in India low, and selling off the bulk of their finer to China, who has subsidies in place to buffer the higher costs, giving both China and India unfair trade advantage in the worldwide marketplace.
    http://style-source.blogspot.com/2010/10/indias-cotton-export-restrictions-being.html

    Monday, September 20, 2010
    Cotton Continues its Upward March

    A fascinating video is available for viewing to help you understand current conditions at http://www.bloomberg.com/video/62957562/

    I have previously reviewed the loss of the bulk of Pakistans cotton crop, and now news of unending torrential rains in India has estimates for the Indian crop falling short of estimates by 3 million bales. Cotton has broken the $1 per pound mark for the first time since 1995. US mills have been panic buying, fearfull of running short. Subsequently, customers are being rationed shipments.
    http://style-source.blogspot.com/2010/09/cotton-continues-its-upward-march.html

    Cotton crisis looming?
    Posted by Peace News Team on September 14th, 2010

    According to the assessment of the United Nations, over 1.31 million hectares of the cultivated area has been destroyed by floods in the four provinces and Azad Kashmir, which might compel the country to import many agricultural products including cotton. The total agriculture sector losses are estimated to be about Rs 249 billion.
    http://amannews.com/english/2010/09/cotton-crisis-looming/

    Textile industry jittery as cotton crisis deepens
    SME Times News Bureau | 14 Sep, 2010
    The unprecedented cotton crisis, triggered by the runaway prices and vaulted demand for exports, will fritter away the textile advantage of India, said the Indian textile industry, adding the government needs to take immediate measures to safeguard interests of the the domestic textile and clothing industry.

    At a press conference held Monday in Delhi under joint auspices of the textile and clothing associations of India, the textile industry called upon the government to design policies on a durable basis for the survival of the entire textile and clothing industry and to lend a measure of support to its exports.

    “We would request that the government policies may be designed to ensure that the benefits of Indian cotton are available to the domestic textile industry, rather than to industries of China, Pakistan and Bangladesh, which otherwise would be competing with us in the global textile and clothing markets on the strength of the Indian cotton,” the textile industry leaders said in a joint letter.
    http://smetimes.tradeindia.com/smetimes/news/top-stories/2010/Sep/14/textile-industry-jittery-as-cotton-crisis-deepens21258.html

    Pakistan cotton crisis adds to apparel angst
    Textile and clothing firms around the world are bracing themselves for more disruption to cotton supplies and a possible rise in garment prices after the worst floods in decades hit Pakistan’s cotton industry, squeezing companies just as they head into the important summer buying season.
    http://www.just-style.com/hot-issues/pakistan-cotton-crisis-adds-to-apparel-angst_id522.aspx

    SOURCING: Pakistan cotton crisis adds to apparel costs
    By: Leonie Barrie | 18 August 2010

    Textile and clothing firms around the world are bracing themselves for more disruption to cotton supplies and a possible rise in garment prices after the worst floods in decades hit Pakistan’s cotton industry, squeezing companies just as they head into the important summer buying season.

    http://www.just-style.com/analysis/pakistan-cotton-crisis-adds-to-apparel-costs_id108666.aspx

    Wednesday, July 21, 2010
    Made in China- Moving On?

    There has been an awful lot of talk lately about China becomming a has been in the garment manufacturing sector. Arguments of a rising currency, less government support/subsidies, labor cost issues, labor shortages, etc have all contributed to the conclusiveness that China has become non-competitive with other low cost producers like Cambodia, Vietnam, Indonesia, et al. A great article on the subject can be found here at http//www.just-style.com/comment/made-in-china-continues-to-make-sense_id108334.aspx?lk=dm .
    http://style-source.blogspot.com/2010/07/made-in-china-moving-on.html

    May 7, 2010
    APTMA forms ‘Elders Committee’to tackle cotton crisis

    LAHORE: All Pakistan Textile Mills Association (APTMA) said on Thursday APTMA’s ‘Elders’ Committee’ has been formed to negotiate further with the Ministry of Textile Industry (MinTex) on prevailing cotton crisis, and has apprised the ministry extensively of cotton shortage, leading to yarn crisis and subsequent implication on the textile value chain in general.
    http://www.dailytimes.com.pk/default.asp?page=2010\05\07\story_7-5-2010_pg5_8

    The Cotton Yarn Crisis in Pakistan (Statistical Report)

    17 March 2010 – The Pakistan’s textile industry is experiencing a new confrontation between yarn makers and downward processors. Spinners are Thursday striking across the country to protest against the quota imposed on yarn exports, our Pakistan Correspondent reports. The yarn industry however took advantage of the sharp rise in cotton prices, as reflected by our series of statistical tables and graphs.
    http://www.emergingtextiles.com/?q=art&s=100317-pakistan-yarn-export-market&r=pakistan&n=31

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  71. Bangladesh – cotton crisis
    Nov 6, 2010 – Saturday – BANGLADESH is headed for some difficult times in optimally keeping production activities going in its textile and readymade garments (RMG) sectors. The crisis is from scarcity and climbing prices of the main raw materials for related industries which is cotton. Despite the growth of some backward linkage industries in Bangladesh in the form of spinning and weaving mills, the same are preponderantly dependent on imported cotton to keep them running. The current effective demand for raw cotton is reported to be amend some 0.8 million tons annually whereas local average production is only 13 thousand tons. In the backdrop of this overwhelming import dependence, prices of raw cotton in international markets have been rising sharply. The price of cotton that was some US$ 0.65 only last year have increased to US$ 1.60 recently. Further price escalations of cotton appear inevitable as more and more news break out about substantial underproduction in major producing countries like Russia, Pakistan and some central Asian republics from climatic disasters. Thus, after meeting their own needs, the raw cotton exporting countries are, as the reports said, likely to have a surplus of only 5.0 million tons for export against the worldwide demand for at least 8.0 million tons.

    http://www.thefinancialexpress-bd.com/more.php?news_id=116782&date=2010-11-06

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  72. Wednesday, November 3rd, 2010
    Capitalize on the Cotton Crisis with These Two Ideas

    Soaring cotton prices could put pressure on margins for apparel companies like V.F. Corporation (NYSE:VF) and True Religion Apparel, Inc. (NASDAQ:TRLG), while some investors continue to profit from the rise of the commodity through ETFs like the iPath Dow Jones-UBS Cotton Subindex Total Return ETN (NYSE:BAL), which is up some 81% year-to-date.

    http://sumfolio.com/capitalize-on-the-cotton-crisis-with-these-two-ideas-903/

    3 November, 2010 by BoF Team
    BoF Daily Digest | Cotton crisis, Hermès’ message to Arnault, NYC fashion campaign, SVG’s Permira gains, Drawing fashion
    Cotton inventories had been low because of weak demand during the recession. This summer, new cotton crops were also depleted because of flooding in Pakistan and bad weather in China and India, all major cotton producers.”

    http://www.businessoffashion.com/2010/11/bof-daily-digest-cotton-crisis-hermes-message-to-arnault-nyc-fashion-campaign-svgs-permira-gains-drawing-fashion.html

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  73. Cotton prices keep scaling new highs globally; on domestic market lint prices reach Rs 9,300 mark; spot rate Rs 8,900
    SHAFI AHMED SYED
    KARACHI (November 08 2010): Domestic as well as foreign conditions kept lint price in Pakistan skyrocketing during the week ended on November 6, 2010, as spot rate soared gaining Rs700 until Friday at Rs 8900, dragging rate in ready to record Rs9300.

    http://www.brecorder.com/index3.php?id=1122460&currPageNo=1&query=&search=&term=&supDate=

    Cotton price on record high
    This entry was posted by admin on Sunday, 7 November, 2010 at

    The local as well as the international prices have increased to a new unprecedented level, APakistanNews.Com reported on Saturday.
    The cotton price in the local market has reached 9500 rupees per 40 kg. after an increase in the international cotton prices, the price level of the commodity also jumped up in the local markets. This week witnessed an increase of 1000 rupees per 40 kg of cotton.
    On the other hand the cotton price in the international market has reached new record level of 1.60 dollars for urgent delivery.
    http://pakistanvoices.com/current_affairs/cotton-price-on-record-high/

    Cotton, yarn at controlled rates: value-added textile sector comes up with a formula
    TAHIR AMIN
    ISLAMABAD (November 06 2010): Value-added textile sector has proposed a formula to ensure availability of cotton and cotton yarn in the local market at controlled prices, it is learnt. The proposed formula will be submitted to the Textile Ministry and cabinet committee on textile soon, informed sources revealed to this correspondent. The formula is identical to what is in effect in India.
    http://www.brecorder.com/index3.php?id=1121798&currPageNo=1&query=&search=&term=&supDate=

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  74. Aptma to hold crucial meeting with government
    RECORDER REPORT
    LAHORE (November 07 2010): The All Pakistan Textile Mills Association (Aptma) is going to hold a crucial meeting on energy crisis with the Federal government on Monday in a situation where gas supply to industry is already in doldrums ahead of winter season. The Aptma delegation, under the leadership of Chairman Gohar Ejaz, will call on Federal Minister for Textile Farooq Saeed and Federal Minister for Petroleum Naveed Qamar.

    The delegation will apprise both ministers about the existing crisis of gas supply to the industry. Gohar said that the textile industry is being denied gas supply in accordance with the decision of Energy Summit that there would be once a week load shedding for textile industry during a week during low pressure period.

    http://www.brecorder.com/index3.php?id=1122111&currPageNo=1&query=&search=&term=&supDate=

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  75. Floods Cause 18 Percent Decrease in Pakistan’s Production
    November 4, 2010

    The amount of cotton delivered to Pakistani ginners through Nov. 1 shows a decrease of 17.6 percent from the previous year, according to a report published in the Business Recorder.

    Through October, Pakistan’s ginneries took in 6.07 million bales of cotton, down significantly from the 7.36 million bales recorded during the same period last year. The 2010 figure represents the lowest total in recent memory for Pakistan, which lost about 2 million bales of cotton to the extensive flooding the country suffered through earlier this year, particularly in the Punjab and Sindh regions. Despite the losses, those two regions were still the largest production areas–Punjab with 3.49 million bales and Sindh with 2.57 million bales.

    http://www.cotton247.com/news/ci/?storyid=1645

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  76. November 3, 2010
    Taking the Lead: Cotton will cost you more
    Posted: 02:01 PM ET

    Stock up now. The ‘fabric of our lives’ is getting a higher price tag.

    Cotton clothing is costing more. Buttons are starting to get smaller to conserve cotton thread. And companies are looking at alternative fabrics to keep prices down.

    Why?

    Prices have soared almost 80% higher in the past few months. The reason? It’s simple economics: supply and demand. Because of the recession, less people have wanted products made of cotton, so prices have been low. Demand, however, started to pick up again this year. At the same time, bad weather damaged crops in China, India, and Pakistan – all major cotton producers. This choked off a big chunk of global cotton supply. So, more demand + less supply = more expensive cotton.

    Oh, and speculators also entered the market to bet on cotton, driving up prices even further.

    Polyester just got a little more en vogue.

    http://newsroom.blogs.cnn.com/2010/11/03/taking-the-lead-cotton-will-cost-you-more/

    Cotton crisis continues to unravel

    01 Nov 2010 15:26

    The ongoing problem of global cotton shortages and rocketing prices took another turn last week when textile groups in the US, EU, Turkey and Mexico decided to call for action against the Indian government for restricting cotton exports and contributing to the crisis.

    The groups, who between them employ more than one million workers, claim India has broken WTO rules and say it must be held to account after its “anti-trade actions on cotton have caused turmoil in world markets.”
    http://www.just-style.com/leonie-barrie-blog

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  77. Cotton Clothing Price Tags to Rise
    By STEPHANIE CLIFFORD
    Published: November 2, 2010

    Synthetic linings. Smaller buttons. Less Italian fabric. And yes, even more polyester. Unusually high cotton prices have apparel makers scrambling to keep down costs, but consumers be warned: cotton clothing will be getting more expensive.

    http://www.nytimes.com/2010/11/03/business/03cotton.html?_r=1&partner=rss&emc=rss

    The cotton crisis
    Airtime: Mon. Aug. 23 2010 | 6:49 PM ET

    Terrible flooding in Pakistan is leading to a cotton crisis across the globe, with CNBC’s Jane Wells.
    http://www.cnbc.com/id/15840232?play=1&video=1572787471

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  78. Prices hit unprecedented highs in panic buying on cotton market

    RECORDER REPORT

    Business Recorder Logo

    KARACHI (November 09, 2010) : Prices hit the new, unprecedented highs on cotton market on Monday due to panic buying by mills and exporters, dealers said. The Karachi Cotton Association (KCA) raised spot rate by Rs 1100 to Rs 10,000. In ready business more than 35,000 bales of cotton changed hands in the price range of Rs 10000-10100.

    http://www.brecorder.com/news/cotton-and-textiles/pakistan/1122733:prices-hit-unprecedented-highs-in-panic-buying-on-cotton-market.html

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  79. PCGA opposes imposition of RGST

    RECORDER REPORT

    Business Recorder Logo MULTAN (November 09, 2010) : Pakistan Cotton Ginners Association (PCGA)’s Chairman Chaudhry Masood A Majeed and Vice Chairman, Nawab Shehzad Ali Khan opposed the imposition of RGST terming it disastrous for ginners as well as cotton growers. Government should not implement this unjust tax otherwise industry will be forced to close its factories.

    http://www.brecorder.com/news/cotton-and-textiles/pakistan/1122589:pcga-opposes-imposition-of-rgst.html

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  80. Unscheduled gas, power loadshedding: ”textile industry suffering Rs one billion losses per month”

    TAHIR AMIN

    Business Recorder Logo ISLAMABAD (November 09, 2010) : Unscheduled gas and power load shedding across the country has forced the textile industry to suffer losses of Rs 1 billion per month, said Gohar Ijaz, Chairman of All Pakistan Textile Mills Association (Aptma), here on Monday. “Despite the government’s decision of two days’ gas load shedding for textile industry, it is resorting to 3 to 4 days’ gas load shedding, negatively impacting the major export earner”, he said at a press conference.

    http://www.brecorder.com/news/cotton-and-textiles/pakistan/1122544:unscheduled-gas-power-loadshedding–textile-industry-suffering-rs-one-billion-losses-per-month-.html

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  81. Textile industrial units: massive closures likely in the absence of enabling environment: PRGMEA

    HAMID WALEED

    Business Recorder Logo LAHORE (November 09, 2010) : Can government ensure enabling environment for textile industry to grow and meet the export target of 25 billion dollars by 2014 as per the first-ever-Textile Policy of Pakistan? If the answer is no, then the government should be ready for massive closures of industrial units, especially, when the textile industry is already bleeding fast due to energy and financial constraints.

    http://www.brecorder.com/news/cotton-and-textiles/pakistan/1122563:textile-industrial-units-massive-closures-likely-in-the-absence-of-enabling-environment-prgmea.html

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  82. APPLA urges government to protect value-added sector

    RECORDER REPORT

    Business Recorder Logo MULTAN (November 09, 2010) : Central General Secretary All Pakistan Power Looms Owners Association (APPLA) Khaliq Qandeel Ansari has said that our protest entered the third day on Monday and they had stopped buying the cotton yarn of all counts due to high prices of yarn, non-availability of electricity and natural gas and the highest utility tariff. He said that more than 1,00,000 power looms had so far been closed in the country rendering more than 4,00,000 workers jobless.

    http://www.brecorder.com/news/cotton-and-textiles/pakistan/1122592:appla-urges-government-to-protect-value-added-sector.html

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  83. New York cotton at fresh all-time high

    Business Recorder Logo NEW YORK (November 09, 2010) : US cotton futures closed at an all-time high on Monday, rising the daily trading limit, due in part to strong Chinese cotton prices and a steady barrage of trade buying in the market, analysts said. Cotton is the best performing commodity on the Reuters Jefferies Commodity Index, having risen nearly 90 percent in value year to date.

    http://www.brecorder.com/news/cotton-and-textiles/world/1122631:new-york-cotton-at-fresh-all-time-high.html

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  84. Cotton Advances to a Record in New York on China Shortages, Global Supply
    By Luzi Ann Javier – Nov 10, 2010 8:55 AM GMT+0500

    Cotton futures advanced to record in New York after the U.S. government cut its estimate on global production and inventories and cited a shortage in China, the world’s biggest buyer and consumer.

    The March-delivery contract gained as much as 3.3 percent to $1.5195 a pound on ICE Futures U.S. in New York and traded at $1.4820 at 11:53 a.m. Singapore time. Futures have doubled this year, making them the best performer among 19 commodities on the UBS Bloomberg CMCI Index.

    http://www.bloomberg.com/news/2010-11-10/cotton-advances-to-a-record-in-new-york-on-china-shortages-global-supply.html

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  85. USDA estimates lower cotton supply & higher export
    November 10, 2010 (USA)

    Secretary of Agriculture and the Chairperson of the World Agricultural Outlook Board, Gerald A. Bange has approved the World Agricultural Supply and Demand Estimates for cotton.

    Domestic mill use is reduced 150,000 bales to 3.45 million in response to recent sharply higher prices. Exports are raised 250,000 bales to 15.75 million, based on increased foreign demand and extremely strong export sales to date. Ending stocks are reduced 500,000 bales to 2.2 million bales, the lowest since 1925. The forecast range for the marketing year average price received by producers of 74 to 86 cents per pound is raised 7 cents on both ends. The midpoint of the range, if realized, would be the highest price since the Civil War.

    The 2010/11 world cotton forecasts show lower consumption and ending stocks compared with last month, stemming from reduced supplies. Beginning stocks are reduced 3.0 million bales in China, as the 2009/10 balance sheet is revised to reflect the shortages in mill inventories that have become apparent in recent weeks. World production is reduced 1.4 million bales, as reductions for China, the United States, Pakistan, Greece, and Turkey are partially offset by increases for Brazil, Australia, and Uzbekistan.

    With supplies insufficient to meet demand, world consumption of 116.8 million bales is reduced 3 percent from last month and 1.4 percent from last season. Relative to last month, consumption is reduced in China, Bangladesh, Indonesia, Pakistan, Thailand, the United States, Vietnam, Brazil, and Turkey; these reductions are partially offset by an increase for India, where consumption is expected to benefit from export restrictions.

    World trade is raised nearly 800,000 bales from last month, as a 2-million bale increase in imports by China is partially offset by lower imports by several other countries. World ending stocks are reduced 5 percent to 42.2 million bales. The world stocks-to-consumption ratios are reduced to 37 and 36 percent, respectively, in 2009/10 and 2010/11, the lowest since 1993/94.

    U.S. Department of Agriculture (USDA)

    http://www.fibre2fashion.com/news/textile-news/newsdetails.aspx?news_id=92779

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  86. Tuesday, November 09, 2010
    The end of the world as we know it?

    Seems that way! Every day we look at cotton fiber prices and say there is no way benchmark pricing can increase further, Last year cotton was $.55 a pound, today it is $1.52 a pound, a 276% increase. The Chinese have been buying futures as high as $2 a pound. Compounding the cotton issue is the increases in polyester fiber, up 25% from a year ago, and trending upward at a faster pace as some programs switch to higher polyester blends in attempts to stave off the cotton increase. Invariably, profit taking will add to the drama. Further exacerbating issues on the import side is government money printing, causing the dollar to slide against foreign currencies and increasing the cost of imported apparel products.

    http://style-source.blogspot.com/2010/11/end-of-world-as-we-know-it.html

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  87. FYI…

    India: Cotton Farmers Reap Hope from New Techniques

    * by Nitin Jugran Bahuguna (warangal, india)
    * Monday, August 23, 2010
    * Inter Press Service

    Meruga Padma, 33, and her husband Veeramallu, 40, can still remember when cotton farmers here in the southern Indian state of Andhra Pradesh were in such dire straits that many were soon thrown into depression. Some of the farmers, in fact, were eventually driven to taking their own lives.
    http://www.globalissues.org/news/2010/08/23/6707

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  88. India
    Cotton Prices – http://www.txcindia.com/html/pricessheet2.htm

    Prices of Cotton Yarn for the week ending 23/10/2010
    http://www.txcindia.com/html/pricessheet3.htm

    India’s list of cotton yarn exporters
    http://www.cottonyarnmarket.net/admindata/yarnexport_list.php

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  89. Cotton prices up by Rs 2,000 to Rs 11,000/maund

    * Reports regarding duty on lint flare up prices

    By Razi Syed

    KARACHI: Cotton price crossed a record level of Rs 11,000 per maund Wednesday in the country while international price also hit a record high to reach $1.52 per pound.

    The lint price hit a record high when deals changed hands at Khanpur above Rs 11,000 per maund on reports that excise duty is being levied on cotton, traders said. “This was inevitable as the reports to further taxing the cotton sector were on the cards besides refusal of Indian exporters to honor the commitment made by Pakistani importers,” lint analyst Shakeel Ahmad said.

    http://www.dailytimes.com.pk/default.asp?page=2010\11\11\story_11-11-2010_pg5_8

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  90. Cotton prices continue soaring on rising demand

    RECORDER REPORT

    Business Recorder Logo

    KARACHI (November 11, 2010) : Cotton prices gained momentum on the back of speculations on the cotton market on Wednesday, dealers said. The Karachi Cotton Association (KCA) raised spot rate by Rs 500 to Rs 10500. Seeds cotton prices in Sindh and Punjab were higher by Rs 200 to Rs 4500-4700, they added.

    http://www.brecorder.com/news/cotton-and-textiles/pakistan/1123325:cotton-prices-continue-soaring-on-rising-demand.html

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  91. China
    http://www.cottonchina.org/english/index.php
    http://www.cottonchina.org/english/ccindex.htm

    also check out: Cotton Outlook
    http://www.cotlook.com/

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  92. Cotton Slumps by Exchange Limit in Zhengzhou After China Tightens Lending

    By Luzi Ann Javier – Nov 11, 2010 10:03 AM GMT+0500

    Cotton futures declined by the maximum allowed in China on speculation that the country’s move to tighten lending may curb the amount of money used by speculators to bet on price gains.

    Cotton for May delivery declined 5 percent from yesterday’s settlement price to 31,345 yuan ($4,731) a metric ton on the Zhengzhou Commodity Exchange at the 11:30 a.m. local-time trading break.

    http://www.bloomberg.com/news/2010-11-11/cotton-slumps-by-exchange-limit-in-zhengzhou-after-china-tightens-lending.html

    Record Cotton Prices ‘Endanger’ China Textile Makers, CFLP Says
    November 02, 2010, 11:54 PM EDT

    By Luzi Ann Javier and Jay Wang

    Nov. 3 (Bloomberg) — Textile makers in China, which uses more than 40 percent of the world’s cotton, face a supply shortage that has sent prices to a record and is “endangering” their survival, an industry group said.

    “The textile market has a shortage of raw material,” China Federation of Logistics and Purchasing, which publishes the country’s official Purchasing Manager’s Index, said in a report e-mailed today. “Cotton and yarn prices rose sharply, affecting company profit and endangering company survival.”

    http://www.businessweek.com/news/2010-11-02/record-cotton-prices-endanger-china-textile-makers-cflp-says.html

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  93. As cotton prices soar, China – not Texas – at center of it all

    12:00 AM CST on Tuesday, November 9, 2010

    The price of cotton has reached the highest levels since the market disruptions of the Civil War.

    That’s good news for Texas cotton farmers, who have seen prices increase almost fourfold since December 2008. The news is not so good for clothing retailers like J.C. Penney, which are trying to figure out how to raise clothing prices for reluctant shoppers.

    http://www.dallasnews.com/sharedcontent/dws/bus/columnists/jlanders/stories/DN-landers_09bus.ART0.State.Edition1.3f19afc.html

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  94. Aptma seeks withdrawal of six percent duty on import of PSF

    RECORDER REPORT

    Business Recorder Logo LAHORE (November 11, 2010) : Chairman All Pakistan Textile Mills Association (APTMA) Gohar Ejaz has demanded immediate withdrawal of 6 percent import duty as well as anti-dumping duty on import of Polyester Staple Fiber (PSF) to enable textile industry to manufacture competitive blended textile products both for domestic & export markets.

    An APTMA delegation led by central Chairman called on the Federal Minister for Textile Industry and made detailed presentation on the existing situation arising out of the short supply of PSF amidst cotton shortage. Representatives of the PSF manufacturers were also present on the occasion.

    http://www.brecorder.com/news/cotton-and-textiles/pakistan/1123164:aptma-seeks-withdrawal-of-six-percent-duty-on-import-of-psf.html

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  95. Gas load shedding exemption: textile industry”s request rejected

    TAHIR AMIN

    Business Recorder Logo ISLAMABAD (November 10, 2010) : Government has turned down the request of the textile industry to exempt it from gas load shedding, it is learnt reliably. “An agreement to two-day per week gas load shedding during the upcoming winter season has been reached between the government and the textile industry,” informed sources privy to the meeting revealed to Business Recorder .

    http://www.brecorder.com/news/cotton-and-textiles/pakistan/1122878:gas-load-shedding-exemption-textile-industry-s-request-rejected.html

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  96. High mark-up rate stalls industry growth: Dr Baig

    RECORDER REPORT

    Business Recorder Logo LAHORE (November 10, 2010) : Federal Textile Advisor Dr Mirza Ikhtiar Baig said on Monday high mark-up rate was stalling industry growth and he would be holding a countrywide business community meeting on ideal mark up regime in last week of November. The meeting will be held at the Federal of Pakistan Chamber of Commerce & Industry (FPCCI) office in Karachi that would be attended by the leading businessmen, associations and other stakeholders, he said.

    http://www.brecorder.com/news/cotton-and-textiles/pakistan/1122921:high-mark-up-rate-stalls-industry-growth-dr-baig.html

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  97. news on non-cotton apparel as well…
    Zero-rating facility under RGST: leather industry urges government to remove confusion

    MUHAMMAD RIAZ

    Business Recorder Logo LAHORE (November 10, 2010) : The leather industry has urged the government to remove confusion under the ‘reformed GST’ system regarding the facility of zero rated sales tax, already available to the export-oriented sectors including textile, leather, carpets, sports goods and surgical goods, and contended that the government should avoid making any change in the present system as unscrupulous elements could come back to cause huge loss to the national exchequer through flying invoices.

    http://www.brecorder.com/news/cotton-and-textiles/pakistan/1123001:zero-rating-facility-under-rgst-leather-industry-urges-government-to-remove-confusion.html

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  98. New York cotton futures plummet

    New York cotton futures plummet NEW YORK (November 11, 2010) : US cotton futures charged to a new record top but closed sharply lower on Wednesday, the first time it has fallen in 9 sessions, as heavy investor selling and profit-taking finally deflated the market’s record run, analysts said. A spike in cotton margins to its highest level since 1996 prompted investors who have seen the market rise nearly 32 cents the last 9 days to cash in their gains.

    http://www.brecorder.com/news/cotton-and-textiles/world/1123226:new-york-cotton-futures-plummet.html

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  99. New York cotton

    New York cotton

    NEW YORK (November 11, 2010) : Wednesday’s closing prices of New York cotton in US cents/lb.

    http://www.brecorder.com/news/cotton-and-textiles/world/1123336:new-york-cotton.html

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  100. Bearish sentiment persists; spot rate cut by another Rs 1,000 on cotton market
    RECORDER REPORT

    KARACHI (November 14, 2010) : Panic selling pushed the prices further down on the local cotton market on Saturday as ginners were not ready to adopt wait-and-see attitude, dealers said. The Karachi Cotton Association (KCA) continued cutting its spot rate by another Rs 1000 to Rs 8500. Similarly, seed cotton prices in Sindh and Punjab were also sharply lower by Rs 300 to Rs 3,500-3,700, they said.

    http://www.brecorder.com/news/cotton-and-textiles/pakistan/1124743:bearish-sentiment-persists-spot-rate-cut-by-another-rs-1-000-on-cotton-market.html

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  101. Late cotton harvest to adversely affect wheat production: UAF vice chancellor

    RECORDER REPORT

    FAISALABAD (November 14, 2010) : Wheat would be sown on a marginal land due to late cotton harvest in the flood-hit areas, which will adversely affect the wheat production. These were the concerns expressed by Vice Chancellor University of Agriculture (UAF) Professor Dr Iqrar Ahmad Khan while inaugurating the wheat sowing campaign at campus under the auspicious of Directorate of Farms here on Friday.

    http://www.brecorder.com/news/cotton-and-textiles/pakistan/1124623:late-cotton-harvest-to-adversely-affect-wheat-production-uaf-vice-chancellor.html

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  102. US markets: ‘millions of Pakistanis can benefit from greater access’

    HAMID WALEED

    LAHORE (November 14, 2010) : Millions of Pakistanis could benefit from greater access to US market for textile goods, said an independent US think-tank with former Deputy Secretary of State Richard Armitage and former National Security Adviser Samuel “Sandy” Berger as its chairman. Textile industry sources told Business Recorder that the US think-tank has further resolved that Pakistan’s cotton farmers could gain the necessary boost during their attempt to recover from floods.

    http://www.brecorder.com/news/cotton-and-textiles/pakistan/1124622:us-markets–millions-of-pakistanis-can-benefit-from-greater-access-.html

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  103. Bearish trend permeates; spot rate slashed by Rs 1,000 on cotton market

    RECORDER REPORT

    KARACHI (November 13, 2010) : Weakness prevailed on the cotton market on Thursday as prices in ready business and spot rates fell sharply mainly because of fall in the NY cotton futures, dealers said. The Karachi Cotton Association (KCA) dropped significantly by Rs 1000 to Rs 9500.

    http://www.brecorder.com/news/cotton-and-textiles/pakistan/1124381:bearish-trend-permeates-spot-rate-slashed-by-rs-1-000-on-cotton-market.html

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  104. Hike in cotton yarn, polyester prices: powerloom owners hold rally

    RECORDER REPORT

    FAISALABAD (November 13, 2010) : Powerloom owners and knitters observed complete strike on Friday, and took out protest rally against the price hike of cotton yarn and polyester yarn, the levy plan of the Reformed General Sales Tax (RGST) regime and flood surcharge.

    http://www.brecorder.com/news/cotton-and-textiles/pakistan/1124224:hike-in-cotton-yarn-polyester-prices-powerloom-owners-hold-rally.html

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  105. Cotton futures prices recede after rewriting history

    DR ZAFAR HASSAN

    KARACHI (November 12, 2010) : After a stellar performance when New York cotton futures prices (ICE) posted the highest price since the last one hundred and sixty years at US Cents 157.23 per pound, they slumped on Wednesday to calm down to lower levels. Domestic lint prices followed suit on Thursday to record a sizeable decrease ranging from Rs 500 to Rs 1,000 per maund (37.32 Kgs).

    http://www.brecorder.com/news/cotton-and-textiles/pakistan/1123648:cotton-futures-prices-recede-after-rewriting-history.html

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  106. Cotton prices fall after attaining record highs

    RECORDER REPORT

    KARACHI (November 12, 2010) : Cotton prices came down after hitting the record highs on the cotton market on Thursday as a deal of 3000 bales was struck at Rs 9300, dealers said. The Karachi Cotton Association (KCA) kept spot rate unchanged at Rs 10500. In sympathy, seeds cotton prices in Sindh and Punjab were also quoted lower Rs 4400-4500, they said.

    http://www.brecorder.com/news/cotton-and-textiles/pakistan/1123650:cotton-prices-fall-after-attaining-record-highs.html

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  107. Cotton/yarn trade: foolproof mechanism essential to avoid hoarding, says Bilwani

    KARACHI (November 12, 2010) : Devising of a foolproof mechanism by the government is the only way to keep away hoarders and speculators who are out to disrupt and derail cotton and yarn trade, create artificial shortage of country’s major raw material and basic requirement of value added textile sector which is vital for the nation’s economy and foreign exchange earnings, stated M. Jawed Bilwani, Chairman, Pakistan Apparel Forum (PAF).

    http://www.brecorder.com/news/cotton-and-textiles/pakistan/1123484:cotton-yarn-trade-foolproof-mechanism-essential-to-avoid-hoarding-says-bilwani.html

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  108. Campaigners urge US and Europe to cut cotton subsidies
    By Mark Doyle BBC International Development Correspondent

    Campaigners working with West African farmers are calling on Europe and the United States to cut the subsidies they pay to their cotton farmers.

    They say the money that rich countries use to back their farmers – more than $1bn a year – is artificially boosting world supply, and reducing the prices that poorer West African producers can earn.

    http://www.bbc.co.uk/news/world-africa-11753215

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  109. The week began with panic buying, closed with panic selling both on domestic, global markets

    SHAFI AHMED SYED

    KARACHI (November 15, 2010) : Price trend and panic buying both were at top during the week when spot rate reached all time high at Rs10500 while phutti rates touched the selling marked during the cotton season around April/May. The cotton dipped taking cue from world trend in the closing sessions shedding Rs1000.

    http://www.brecorder.com/news/cotton-and-textiles/pakistan/1124946:the-week-began-with-panic-buying-closed-with-panic-selling-both-on-domestic-global-markets.html

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  110. Record high cotton prices jeopardise apparel, home textile industries

    S A AZIZ SHAH

    KARACHI (November 15, 2010) : Cotton crop arrivals appear attaining peak level in this month. A sharp drop of Rs 3,000 a maund of 37.324 Kg ex-gin last week would force the seed-cotton suppliers / growers to accelerate the pace of deliveries in fear of further drop in cotton prices.

    http://www.brecorder.com/news/cotton-and-textiles/pakistan/1124948:record-high-cotton-prices-jeopardise-apparel-home-textile-industries.html

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  111. Textile units to remain closed for two days

    RECORDER REPORT

    FAISALABAD (November 15, 2010) : Textile processing and printing mills, sizing units and foundries will remain closed for two days on Monday and Tuesday due to gas shedding, while 380 CNG stations of Faisalabad region were remained closed their Business owing to gas shedding, here on Sunday.

    http://www.brecorder.com/news/cotton-and-textiles/pakistan/1124987:textile-units-to-remain-closed-for-two-days.html

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  112. New York cotton remains lower

    NEW YORK (November 13, 2010) : US cotton futures dived by their daily limit on Friday, falling for a third day as fears of higher Chinese interest rates combined with a sharp rise in margin rates threatened to end the market’s four-month rally.

    http://www.brecorder.com/news/cotton-and-textiles/world/1124417:new-york-cotton-remains-lower.html

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  113. Spot rate drops further by Rs 200 on cotton market
    RECORDER REPORT

    KARACHI (November 16 2010): Further decline was seen in the prices of cotton on the cotton market on Monday ahead of Eid-ul-Azha holidays, dealers said. The Karachi Cotton Association (KCA) continued to slide spot rate and shed Rs 200 to Rs 8300. On the other hand seeds cotton prices in Sindh and Punjab went up sharply by Rs 500-600 to Rs 4000-4,300, they said.

    http://www.brecorder.com/index3.php?id=1125248&currPageNo=1&query=&search=&term=&supDate=

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  114. Two-day weekly gas load management: textile processing units remain closed
    RECORDER REPORT
    FAISALABAD (November 16 2010): Textile processing, printing, dyeing, hosieries, sizing, powerlooms, readymade garments & stitching, soup manufacturing and textile chemicals units remained closed here on Monday due to two days gas load shedding in week. Export consignments remained halted at the premises of the export oriented and labour-intensive value-added textile industry, while labour force, most of them daily wagers, were rendered jobless before Eid ul Azha.

    http://www.brecorder.com/index3.php?id=1125135&currPageNo=1&query=&search=&term=&supDate=

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  115. Gap, Wal-Mart Clothing Costs Rise on ‘Terrifying’ Cotton Prices
    November 15, 2010, 9:04 PM EST

    By Bloomberg News

    Nov. 16 (Bloomberg) — Gap Inc., J.C. Penney Co. and other U.S. retailers may have to pay Chinese suppliers as much as 30 percent more for clothes as surging cotton prices boost costs.

    “It’s a little terrifying to deal with cotton suppliers now,” said Vicky Wu, a sales manager at Suzhou Unitedtex Enterprise Ltd., a closely held, Jiangsu province-based clothes maker that counts Gap and J.C. Penney among its clients.

    http://www.businessweek.com/news/2010-11-15/gap-wal-mart-clothing-costs-rise-on-terrifying-cotton-prices.html

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  116. Seasonal prices are boosting retail sales

    Good news came from the Commerce Department today: it seems like retail sales numbers are up, thanks to auto sales and regular consumer spending. But taking a deeper look into the numbers, Janet Babin reports that it may all be more due to the season than actual spending.

    http://marketplace.publicradio.org/display/web/2010/11/15/pm-seasonal-prices-are-boosting-retail-sales/

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  117. Textile sector’s cash flow problems
    By Nasir Jamal
    Monday, 15 Nov, 2010 | 08:35 AM PST |

    THE steep rise in domestic cotton prices on the back of unprecedented increase in its global market in recent weeks is causing serious cash flow problems for most textile exporters, triggering fears of export and job losses.

    Cotton prices broke one record after another during the last one month to peak above Rs11000 per 37.3kg before dropping towards the close of last week.

    http://news.dawn.com/wps/wcm/connect/dawn-content-library/dawn/in-paper-magazine/economic-and-business/textile-sectors-cash-flow-problems-510

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  118. web address:All Pakistan Textile Mills Association
    http://www.aptma.org.pk/

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  119. Week in Preview: Abercrombie, Lowe’s and Other Retail Earnings
    By TREY THOELCKE Posted 10:30 AM 11/14/10

    Last week, Macy’s (M) and JCPenney (JCP) kicked off the retail earnings season by posting better-than-expected earnings for the most recent quarter. Many more quarterly reports from retailers are due this week, and by and large expectations of analysts surveyed by Thomson Reuters are high.

    http://www.dailyfinance.com/story/week-in-preview-abercrombie-lowes-and-other-retail-earnings/19715468/

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  120. India…

    Cotton exporters run into trouble
    Rajesh Bhayani / Mumbai November 16, 2010, 0:11 IST

    rocurement too low, prices too high, for time-bound commitments.

    Cotton exporters, who were expecting bumper profits, with a good crop and high prices abroad, are finding themselves unable to procure the quantity they need at the price they were supposed to get.

    http://business-standard.com/india/news/cotton-exporters-run-into-trouble/414936/

    Spiralling cotton prices worry textile sector
    Oct 25, 2010
    The new cotton season beginning October every year is an important phase for the Indian textile industry, which is nearly 60 per cent cotton-based.

    This year looks challenging for the sector as prices of raw cotton are spiralling despite expectations of a bumper crop of 325 lakh bales (295 lakh bales in 2009-10). Price stabilisation has emerged an area of concern for the entire textile value chain.
    http://www.allvoices.com/s/event-7121123/aHR0cDovL3d3dy50aGVoaW5kdS5jb20vMjAxMC8xMC8yNS9zdG9yaWVzLzIwMTAxMDI1NTcxOTE2MDAuaHRt

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  121. Cotton subsidies costing west African farmers £155m a year, report reveals
    Posted on November 16, 2010, 12:12 am

    Cotton farmers in west Africa are losing out on vital income because of subsidies paid to rival growers in the EU, US, China and India, Fairtrade Foundation says

    http://usnews.freshcontentengine.com/cotton-subsidies-costing-west-african-farmers-155m-a-year-report-reveals/

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  122. China…

    Cotton price, an everyday threat to textile industry
    08:50, November 16, 2010
    Cotton prices in China escalate almost on a daily basis, scaring out the textile and garment industry, which have the fiber as a core crude material, according to reports from the People’s Daily Monday.

    Only from September to the beginning of November, prices were adjusted about 70 percent, from 18,000 yuan ($2,707) to 30,000 yuan ($4,512) per ton.

    http://english.peopledaily.com.cn/90001/90778/90862/7200494.html

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  123. Indian seed firms eye share of Pakistan’s Bt cotton market
    Cotton is an important cash crop in Pakistan and accounts for 3.2% of its GDP

    Jacob P. Koshy

    New Delhi: India and Pakistan may be at loggerheads over most issues, but trading in genetically modified cotton could be an exception.

    Top seed companies in India, such as Monsanto Holdings Pvt. Ltd and Rasi Seeds Pvt. Ltd, have petitioned India’s apex biotech regulator to allow export of Bt cotton seeds to Pakistan. Pakistan’s agriculture institutions are conducting preliminary trials to test the efficacy of these seeds in that country.

    http://www.livemint.com/2010/11/15230411/Indian-seed-firms-eye-share-of.html

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  124. “Retail Is War Without Blood”: What Foot Locker’s CEO Learned in the Army

    9:34 AM Monday November 15, 2010
    by Katherine Bell | Comments (1)

    This post is part of an HBR Spotlight examining leadership lessons from the military.

    Ken Hicks, the CEO of Foot Locker, formerly the president and chief merchandising officer of J.C. Penney’s, graduated from the United States Military Academy and spent six years in the army just after the Vietnam War. HBR talked to Ken about how his time as a young officer prepared him for a career as a retail executive.

    http://blogs.hbr.org/frontline-leadership/2010/11/retail-is-war-without-blood-wh.html

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  125. Square Feet
    In Times Square, at Least, Retailing Is Rebounding
    By TERRY PRISTIN
    Published: October 26, 2010

    When the sunglass and sportswear maker Oakley wanted to expand its presence in Manhattan, it leased space last month on a busy corner that was swarming with tourists. To get that space, Oakley is paying $1,375 a square foot — what some luxury retailers paid on Madison Avenue’s choicest blocks before the recession.

    http://www.nytimes.com/2010/10/27/realestate/commercial/27retail.html?nl=nyregion&emc=ura4

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  126. New Spanx ‘tummy tightening’ pants for men on sale in Britain

    A new range of Spanx pants, the brand best known for providing ”tummy tightening” to women, exclusively for men has been launched in Britain.

    BY Andrew Hough | 28 October 2010

    The male undergarments have been designed to give men something to help ”firm and flatten” and ensure “beer bellies” remain invisible.

    The brand’s arrival in Britain comes in the wake of a boom in sales across the globe, with an estimated £222 million worth of pants sold worldwide over the past two years. The men’s line has been on sale in the US since February.

    Selfridges, the department store, said interest in the pant was high with an extensive waiting list already developing ahead of its sale this month.

    http://fashion.telegraph.co.uk/article/TMG8090640/New-male-Spanx-tummy-tightening-pants-on-sale-in-Britain.html

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  127. China’s buying playing pivotal role in determining cotton prices; Pakistan hopes pinned to import from India
    SHAFI AHMAD SYED
    KARACHI (November 22 2010): Cotton price has been soaring on the market owing to damage by flood and in hope that world economy is fast coming up. China’s consumers are looking for more yet, Pakistan textile exporters were relaxed when reports came from India that country will open talks for exports.

    http://www.brecorder.com/index3.php?id=1126254&currPageNo=1&query=&search=&term=&supDate=

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  128. Posted: Wednesday, November 10, 2010, 10:37AM
    Clothing retailers feel the effects of rising cotton prices

    UK retailers Primark and Next are among the first to announce that steep rises in cotton prices are hitting their margins.

    In a week that saw cotton prices on the Intercontinental Exchange (ICE) take another dramatic hike as they rose by 13% on last week – a 33% increase on the month – the owner of Primark, AB Foods, announced that the price rises will hit margins at the discount fashion chain.

    http://www.procurementleaders.com/news/latestnews/4509-clothing-retailers/

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  129. cotton prices

    Cotton As of Nov 22 2010 12:29 GMT. 124.45 -3.45 -2.70% +76.85%

    http://markets.ft.com/markets/commodities.asp

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  130. All out fall in cotton prices may be short-lived

    S A AZIZ SHAH

    KARACHI (November 22, 2010) : According to latest cotton arrival report of Pakistan Cotton Ginners’ Association up dated as on 15th November, 10, total seed cotton arrivals are equivalent of 4.588 million bales in Punjab against 5.890 million bales same time last year, in Sindh 2.865 million bales against 3.371 million bales last year.

    Total arrivals of seed cotton is 7.453 million bales against 9.261 arrived last year same time. Thus, this season’s shortfall in cotton arrivals against last year comes to 14.91 percent. Some of the ginners have shown reservation to the correctness of the arrival figures as these were collected in haste. One ginner said he suspected some manipulation in figures as he expected total arrivals around 7.7 million bales against reported arrival of 7.453 million bales. The downward trend in prices would force the suppliers to boost deliveries. Upper Sindh report indicates that some arrivals from some pocket areas have not yet started.

    http://www.brecorder.com/news/cotton-and-textiles/pakistan/1126261:all-out-fall-in-cotton-prices-may-be-short-lived.html

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  131. Monday, November 22, 2010
    Business
    More buyers shift to Bangladesh
    Refayet Ullah Mirdha

    Opportunities are widening as globally renowned apparel brands look to source more garments from Bangladesh amid the widening recovery from financial crisis.

    Some buyers have already shifted to Bangladesh from competing countries, while others are increasing order quantities.

    Prices of garments in China, Turkey, Sri Lanka, Cambodia and Vietnam have gone up due to higher production costs. Bangladesh has also diversified its product range and marketing over the last few years.

    http://www.thedailystar.net/newDesign/news-details.php?nid=163133

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  132. Retailers Warn Cost Cuts, Shrinking Inventories Are Coming Back

    By MERCEDES CARDONA Posted 3:05 PM 11/19/10

    Stores and their customers have something in common this fall: Both are watching their spending.

    As retailers wrapped up their third-quarter earnings reports this week, most merchants noted that they’re back in cost-control mode, and said they expect to tighten inventories after the holidays. With shoppers still spending cautiously and producer prices on the rise, merchants are aware that profit growth will have to come from squeezing more juice out of their slowly rising sales.

    http://www.dailyfinance.com/story/company-news/retailers-third-quarter-cost-cuts-shrinking-inventories/19726334/

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  133. The Cot Report Explains the Major Sell Off in Cotton
    Fred Oltarsh of Libanman Futures – InsideFutures.com – Fri Nov 19, 4:43PM CST

    Cotton traders were in for a bumpy rollercoaster ride over the past 10 days. We’ve seen cotton sell off from an all time high of 1.57 to the current price of 1.27 with many limit up and limit down days in between.

    Analyzing the commitment of traders chart for cotton, we see that the combined open interest position of futures and options combined, options are delta adjusted to reflect equivalent futures contracts, dropped from an all time high of about 459,000 to almost 331,000. In other words, 128,000 cotton long contracts were closed. This 27% drop in the total open position resulted in a 19% drop in cotton price.

    http://www.barchart.com/headlines/story.php?id=735604

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  134. DJ China October Cotton Imports 96,096 Tons, Down 19% On Year
    BEIJING, Nov 22, 2010 (Dow Jones Commodities News Select via Comtex) — China’s cotton imports in October fell 19% on year, to 96,096 metric tons, more than half the volume in September, the General Administration of Customs said Monday.

    For the first 10 months of the year, China has imported 2.25 million tons of cotton, up 88% compared to the same period last year, customs said.

    http://news.tradingcharts.com/futures/5/2/148992825.html

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  135. Cotton yarn prices to calm down by Dec 15 – Maran
    November 22, 2010 (India)

    While advising spinners in the country, to not take advantage of the current scenario, Dayanidhi Maran said, cotton yarn prices would stabilize by December 15.

    Dayanidhi Maran was in Chennai to officially launch a road show titled, “Scheme for Integrated Textile Parks,” under a public and private sector partnership.

    He specifically told the spinning sector to not take advantage of rising cotton yarn prices as they had been steadily increasingly and in the process, create undue problems, as the government is very much concerned about the weavers.

    On the contentious issue of Technology Up-gradation Fund Scheme (TUFS), he said the Cabinet Committee would clear a proposal to meet the sectoral requirements by the year-end.

    Speaking about the Scheme for Integrated Textile Parks (STIPs), Maran said the textile ministry had sanctioned about 65 STIPs since 2005, of which 25 were operational and would attract investments worth about Rs 190 billion and provide employment to 500,000 people.

    He lamented the poor response to the SITPs from Tamil Nadu, although about 55 percent of textiles and 60 percent of cotton yarn is produced in the state and citied that, it was the main reason for launching the road show in the state.

    He also added by saying that, road shows would also be organised in Coimbatore, Bangalore, Hyderabad, Mumbai and Ahmedabad.

    Fibre2fashion News Desk – India

    http://www.fibre2fashion.com/news/textile-news/newsdetails.aspx?news_id=93214

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  136. Cotton Set for `Fireworks Display’ as Contract Expires: Technical Analysis
    By Leslie Patton – Nov 22, 2010 11:00 AM GMT+0500

    Cotton futures for December delivery may jump 16 percent this week as the pending expiration of the New York contract forces speculators to bid for tight supplies, said O.A. Cleveland, an analyst at cottonexperts.com.

    The attached chart shows open interest in contracts that have yet to be closed, liquidated or delivered on ICE Futures U.S. surged to a two-year high on Nov. 9 as inventories available for delivery from the exchange’s five warehouses plummeted 95 percent since June. Prices are up 69 percent in the past year and touched a record $1.5195 a pound on Nov. 10.

    http://www.bloomberg.com/news/2010-11-22/cotton-squeeze-looms-as-stockpiles-slump-technical-analysis.html

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  137. Cotton prices expected to rise again
    KARACHI: Cotton prices may rise once again to Rs10,000 per maund (37.324 kg) on the back of shortages and heavy demand of the commodity from the spinning and textile mills, an analyst said.

    http://tribune.com.pk/story/79464/cotton-prices-expected-to-rise-again/

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  138. Cotton arrival down by 19.52pc
    Karachi—Cotton production has recorded a significant decline of 19.52 percent to more than 7.453 million bales till November 14, 2010, over last year’s 9.261 million bales. According to a consolidated statement of Pakistan Cotton Ginners Association (PCGA) here Tuesday, the arrival has recorded a drop of more than 1.381 million bales in the fortnight.

    http://pakobserver.net/detailnews.asp?id=62694

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  139. Cotton Slumps to Four-Week Low on China Growth Curbs, India Planting Boost
    By Jae Hur – Nov 22, 2010 12:37 PM GMT+0500

    Cotton declined to a four-week low in New York and futures in Zhengzhou fell on speculation that global demand will decline as China, the biggest importer, takes steps to slow growth and as planting expands in India.

    Cotton for March delivery dropped as much as 3.1 percent to $1.1937 a pound, the lowest price since Oct. 22, on ICE Futures U.S. in New York at 4:34 p.m. Tokyo time. The fiber fell 8.2 percent last week, the most since February 2009.

    http://www.bloomberg.com/news/2010-11-22/cotton-slumps-to-four-week-low-on-china-growth-curbs-india-planting-boost.html

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  140. Cotton production increased in three districts

    RECORDER REPORT

    MULTAN (November 20, 2010) : Chairman of Pakistan Cotton Ginners Association (PCGA), Masood A Majeed and vice chairman Shehzad Ali Khan have said that out of total 1200 ginning factories in Sindh and Punjab, 931 are operational. Of these, 716 are in Punjab and 215 in Sindh., and total 13,81,506 bales of cotton were received during last fortnight ending on November 15, 2010.

    http://www.brecorder.com/news/cotton-and-textiles/pakistan/1125856:cotton-production-increased-in-three-districts.html

    Lint price remains firm

    KARACHI: The spot rate remained stable on the last trading day Saturday while physical price remained firm during three trading sessions past week, traders at Karachi Cotton Association (KCA) said.

    The domestic market following New York Future market remained bullish, later market witnessed a brisk trading in the last trading session, fibre analyst Shakeel Ahmad said.

    http://www.dailytimes.com.pk/default.asp?page=2010\11\21\story_21-11-2010_pg5_9

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  141. Indian Apparel manufacturers protest cotton price rise
    E-mail
    Monday, 22 November 2010
    The Indian apparel industry observed a nationwide agitation in protest against the continuously rising prices of cotton yarn last Friday, November 19. Around 50,000 manufacturing units from power loom, handloom and made-up segments across the country participated in the strike and shut their operations for a day. In Tirupur, Tamil Nadu, India’s one hub for apparel making and exports, about 1,00,000 people observed a hunger strike. These comprised of factory owners, workers, trade unions, etc.

    http://www.fashionunited.in/news/fashion/indian-apparel-manufacturers-protest-cotton-price-rise-221120101377

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  142. Commodities
    Cotton As of Nov 24 2010 04:26 GMT. 119.10 -2.80 -2.30% +69.25%

    http://markets.ft.com/markets/commodities.asp

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  143. Bangladesh…

    Tuesday, November 23, 2010
    Business
    RMG exports rise as demand buoyant Shipment grows 37pc in four months

    Refayet Ullah Mirdha

    Garment exports went up by more than 37 percent in the first four months of the current fiscal year compared to the same period a year ago, according to government data.

    The growth came due to a higher demand for Bangladeshi textile products abroad and the success of the country in exploring new markets.

    http://www.thedailystar.net/newDesign/news-details.php?nid=163279

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  144. Cotton prices remain stable amid heavy rains
    Tuesday, November 23, 2010
    By our correspondent
    KARACHI: Lint prices remained stable on Monday as heavy rains eroded demand for the commodity in the country, dealers said.
    “After Eid holidays, torrential rains in Mirpurkhas, Sanghar, Shahdadpur and Rahim Yar Khan badly affected the cotton trading because of a lot of moisture retention, which prompted buyers to remain on the sidelines,” said Shakeel Ahmed, a leading cotton trader at the Karachi Cotton Exchange (KCA).

    http://www.thenews.com.pk/23-11-2010/business/16687.htm

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  145. Tuesday, November 23, 2010
    Trading remains range-bound at cotton market

    KARACHI: Trading remained range-bound while spot rate stood firm with strong physical prices, traders at the Karachi Cotton Association (KCA) said Monday.

    The physical prices remained strong while some deals matured around Rs 8,600 per maund while KCA spot rate stayed firm at Rs 8,500 per maund, floor brokers said. “Most of the buyers preferred to stay on the sidelines on grade issue besides slow arrival of bales from ginneries also put pressure on prices,” cotton analyst Shakeel Ahmad said.

    http://www.dailytimes.com.pk/default.asp?page=2010\11\23\story_23-11-2010_pg5_11

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  146. 11 Nov, 2010, 05.12AM IST, Amiti Sen,ET Bureau
    India sees red as EU allows duty-free access to Pak textiles

    NEW DELHI: India will oppose preferential access given to Pakistan’s textile industry by the European Union as a relief measure against the devastating floods, a move that could render India’s exports to the region uncompetitive.

    http://economictimes.indiatimes.com/news/economy/foreign-trade/India-sees-red-as-EU-allows-duty-free-access-to-Pak-textiles/articleshow/6905075.cms

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  147. Gold prices higher
    From the Newspaper
    (9 hours ago) Today

    LONDON, Nov 22: Spot gold pared gains on Monday to trade largely unchanged on the day, losing steam after a rally in the euro fizzled, dragging down equities after initial euphoria over Ireland’s bailout faded.

    Gold was last at $1,354.70 an ounce at 1210 GMT, having fallen to a session low of $1,353.65, down from $1,354.15 late in New York on Friday.

    http://www.dawn.com/2010/11/23/hectic-trading-on-cotton-market.html

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  148. Cotton prices fall
    Agencies
    Published: Nov 23 2010 10:54

    TOKYO — Cotton declined to a four-week low in New York and futures in Zhengzhou fell on speculation that global demand will drop as China, the biggest importer, takes steps to slow growth and as planting expands in India.

    Cotton for March delivery fell as much as 3.1 percent, to $1.1937 a pound, the lowest price since Oct 22, on ICE Futures US in New York on Monday. The fiber fell 8.2 percent last week, the most since February 2009.

    http://www.cdeclips.com/en/business/fullstory.html?id=55667

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  149. Activity starts gaining momentum on cotton market

    RECORDER REPORT

    KARACHI (November 23, 2010) : Trading activity improved on the cotton market on Monday as mills and exporters had to cover the immediate needs, dealers said. The Karachi Cotton Association (KCA) left the spot rate unchanged at Rs 8,500. In the meantime, seeds cotton prices in Sindh and Punjab were down by Rs 200-100 at Rs 3700-3,900, they said.

    http://www.brecorder.com/news/cotton-and-textiles/pakistan/1126905:activity-starts-gaining-momentum-on-cotton-market.html

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  150. India…

    November 23, 2010, Tuesday

    Buddhadeb seeks control of cotton exports

    Special Correspondent

    Kolkata: Chief Minister Buddadeb Bhattacharjee has written to Prime Minister Manmohan Singh seeking control of cotton exports from the country, saying this was needed to meet the domestic demand and to protect the employment of millions engaged in the textile and handloom sector.

    http://www.hindu.com/2010/11/23/stories/2010112361221000.htm

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  151. Cotton swings lower despite China demand
    By Gregory Meyer in New York and Jack Farchy in London
    Published: November 22 2010 19:27 | Last updated: November 22 2010 22:30

    Cotton tumbled as traders recoiled from this month’s record prices.

    ICE December cotton dropped 6 cents, or 4.7 per cent, to $1.2190 per pound, capping a second straight session in which prices fell by the daily allowable limit on New York’s ICE Futures US exchange.

    http://www.ft.com/cms/s/0/138e7f8c-f66b-11df-846a-00144feab49a.html#axzz165PzneAd

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  152. Cotton Spinning Industry Reports Continued Growth (Part B)
    2010-11-23

    According to data collected from 11,934 statistics-worthy Chinese cotton spinning enterprises surveyed by National Bureau of Statistics of China, total industrial production value of the industry increased 27.39 percent y/y to CNY791.811 billion in Jan.-Aug. 2010 ; The value of goods delivered amounted to $63.016 billion, up 29.11 per cent y/y, 2.57 percentage points lower than the Jan.-Aug. 2009 period; The main business income increased by 29.06 per cent to 776.893 billion yuan; Meanwhile, statistics-worthy cotton spinning enterprises have finished the sales production value CNY 777.2 billion, up 27.95% y/y.

    http://www.texindex.com/News/Detail/5116.html

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  153. Many ministries brewing price control measures introduced
    In the October consumer price index CPI in China hit a new high of 4.4% after inflation to become the field of macro-control issues of concern.

    FOR IMMEDIATE RELEASE
    PRLog (Press Release) – Nov 23, 2010 – In the October consumer price index CPI in China hit a new high of 4.4% after inflation to become the field of macro-control issues of concern. The experts suggested, the NDRC shall direct control of prices through administrative means.

    http://www.prlog.org/11092081-many-ministries-brewing-price-control-measures-introduced.html

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  154. Sri Lanka…

    Textile workers demand ban on cotton yarn export

    Sri Lankan News.Net
    Saturday 20th November, 2010 (ANI)

    Several textile industries and weaving units protested against the soaring prices of cotton by observing a day-long strike in Tamil Nadu’s Tirupur city, demanding the government to put a ban on cotton yarn exports.

    http://www.srilankannews.net/story/709760

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  155. Retailers Cut Corners — and Fabrics — to Avoid Apparel Price Hikes
    By MERCEDES CARDONA Posted 11:00 AM 11/23/10 Company News, Economy, Target Corp, Retail

    Expect your T-shirts to get a little bit thinner next year — and maybe even a little more expensive as well. As apparel retailers try to cope with rising costs, “cutting corners” could take on a new meaning in the clothing department.

    http://www.dailyfinance.com/story/company-news/apparel-retailers–price-hikes-cut-corners-fabrics/19728933/

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  156. India…

    ‘Don’t allow cotton exports beyond 55 lakh bales’
    SME Times News Bureau | 23 Nov, 2010
    Amidst rising cotton prices, the Confederation of Indian Textile Industry (CITI) Monday urged the government not to allow shipments of the natural fibre beyond the current ceiling of 55 lakh bales, in a bid to cool down its prices in the domestic market.

    http://smetimes.tradeindia.com/smetimes/news/top-stories/2010/Nov/23/dont-allow-cotton-exports-beyond-55-lakh-bales-citi19376.html

    CCI to bail out cotton farmers
    TNN, Nov 23, 2010, 02.58am IST

    GUNTUR: The Cotton Corporation of India (CCI) has decided to purchase stocks from farmers, who have been on a warpath for two months demanding a higher support price for their crop.

    http://timesofindia.indiatimes.com/city/hyderabad/CCI-to-bail-out-cotton-farmers/articleshow/6972501.cms

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  157. Hectic trading on cotton market
    From the Newspaper
    (11 hours ago) Today
    By Our Staff Reporter

    KARACHI, Nov 22: Cotton market on Monday resumed trading on a higher note as spinners and mills were not inclined to take even a technical breather as no one among them was inclined to miss the bandwagon.

    “There appears to be a mad rush to grab the floating stocks irrespective of price tag in the backdrop of a short crop”, said a leading cotton broker, but some others said the lint price spike is fuelled by the higher phutti prices”.

    http://www.dawn.com/2010/11/23/palm-oil-futures-tumble.html

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  158. UK shoppers brace for a costly Christmas

    Soaring commodity costs and price increases made in anticipation of new year rise in VAT likely to boost inflation

    * Financial Times
    * Published: 00:00 November 23, 2010

    London: Britons are set to face the most expensive Christmas for almost 20 years as soaring commodity costs combine with price increases made in anticipation of the new year rise in value added tax.

    Verdict, the retail consultancy, forecasts 4.7 per cent inflation in clothing and footwear in the last quarter of this year — the highest since 1991.

    http://gulfnews.com/business/retail/uk-shoppers-brace-for-a-costly-christmas-1.716102

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  159. China bans hoarding of oil, coal, to cool prices
    Nov. 23, 2010, 12:39 a.m. CST
    Associated Press

    SHANGHAI (AP) — China is banning hoarding of oil, coal and other key commodities, seeking to ensure supplies and cool prices that have surged to politically volatile levels despite repeated moves to curb inflation.

    The moves reported by state media Tuesday are Beijing’s latest effort to counter unease over inflation that jumped to a 25-month high of 4.4 percent in October. Authorities want to reassure a nervous public that the government can handle inflation pressures that some worry could spiral out of control.
    http://www.nola.com/newsflash/index.ssf/story/china-bans-hoarding-of-oil-coal-to/5f4f441113d84e1f9018ba3d99d1523a

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  160. India’s decision to unlawfully block cotton export orders criticised

    KARACHI (November 23, 2010) : India’s decision to unlawfully block cotton export orders criticised by International Textile Manufacturers Federation Bashir Ali Mohammed, President has criticised the government of India’s decision to block cotton export orders, thus adversely affecting the global textile industry.

    http://www.brecorder.com/news/cotton-and-textiles/pakistan/1126754:india-s-decision-to-unlawfully-block-cotton-export-orders-criticised.html

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  161. Christmas sales: weeklong Eid holidays, gas loadshedding hampered textile export

    RECORDER REPORT

    FAISALABAD (November 23, 2010) : Textile export consignments worth millions of dollars from upcountry destined for Christmas sales in European and American markets have been hampered resultant upon closure of value addition chain industries due to Gas shedding and weeklong Eid festival.

    http://www.brecorder.com/news/cotton-and-textiles/pakistan/1126787:christmas-sales-weeklong-eid-holidays-gas-loadshedding-hampered-textile-export.html

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  162. Prgmea seeks incentives to save industry from collapse

    N H ZUBERI

    KARACHI (November 23, 2010) : Pakistan Ready-made Garments Manufacturers and Exporters Association (Prgmea) has urged Federal Commerce Minister Makhdoom Amin Fahim to give incentives’ package to readymade garments’ manufacturers and exporters to save them from collapse.

    http://www.brecorder.com/news/cotton-and-textiles/pakistan/1126791:prgmea-seeks-incentives-to-save-industry-from-collapse.html

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  163. New York cotton tracks China market to lower settlement

    NEW YORK (November 23, 2010) : US cotton futures ended lower on Monday, after falling by the daily 6-cent limit for a second straight session, as weak overnight prices in No 1 consumer China fed through to the New York open and a firmer dollar added to the weaker tone, dealers said. “China’s values were down again overnight so that was really the driving force behind what we are doing,” said Sharon Johnson, cotton specialist at First Capitol Group in Atlanta, Georgia.

    http://www.brecorder.com/news/cotton-and-textiles/world/1126835:new-york-cotton-tracks-china-market-to-lower-settlement.html

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  164. World market price for upland cotton

    WASHINGTON (November 21, 2010) : The US Agriculture Department set the prevailing world market price for upland cotton at 143.07 cents per lb, effective through November 25. The price is adjusted to US quality and location for Strict Low Middling, 1-1/16 inch upland cotton. The next announcement for upland cotton will be on November 26, at 8 am Eastern time.
    http://www.brecorder.com/news/cotton-and-textiles/world/1126032:world-market-price-for-upland-cotton.html

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  165. FYI…

    Cotton futures and options – ICE Futures U.S. PDF Print
    Chapter 4 – Cotton trading – Cotton futures and options – ICE Futures U.S.

    The trading of agricultural commodities represents one of civilization’s oldest commercial activities. Crop commodities, such as cotton, have been in use for thousands of years. Basic commodities with universal value in different cultures could be described as the first international currencies of exchange. With such a long history as a basis of commerce, it is easy to understand how the marketplace value of a commodity could play a major role in the rise and fall of empires.

    http://www.cottonguide.org/chapter-4/cotton-futures-and-options–ice-futures-us

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  166. Cotton Futures News Headlines
    http://news.tradingcharts.com/futures/headlines/Cotton.html

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  167. Cotton slumps to 4-week low on China growth
    Bloomberg / November 23, 2010, 0:32 IST

    Cotton declined to a four-week low in New York and futures in Zhengzhou fell on speculation that global demand will decline as China, the biggest importer, takes steps to slow growth and as planting expands in India.

    Cotton for March delivery dropped as much as 2.7 per cent to $1.198 a pound, the lowest price since October 22, on ICE Futures US in New York and was at $1.2079 at 12:28 p.m. Tokyo time. Last week, the fiber dropped 8.2 per cent, the most since February 2009.

    http://www.business-standard.com/india/news/cotton-slumps-to-4-week-lowchina-growth/415789/

    U.S. Commodities: Cotton Tumbles on India-Crop Outlook, China
    November 19, 2010, 6:00 PM EST

    By Leslie Patton

    Nov. 19 (Bloomberg) — Cotton futures tumbled, capping the biggest weekly slump in 20 months, as India may boost output and China moved again to cool the economy.

    Monsoons prompted farmers to plant more fiber, the Cotton Association of India said this week. China ordered banks to set aside larger reserves for the second time in two weeks, draining cash from the financial system. Cotton in New York plunged the most since June 2009. Yesterday, the price jumped 4 percent.

    http://www.businessweek.com/news/2010-11-19/u-s-commodities-cotton-tumbles-on-india-crop-outlook-china.html

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  168. Cotton Prices Down 11% In 10 Days

    * Wednesday 2010-11-24 11:39

    November 24 — The price of cotton fell 11 percent to 27,881 yuan per ton during the period from November 11 to November 23, reports caijing.com.cn, citing data released by the China Cotton Association.

    To keep a lid on rising cotton prices, related government departments had released one million tons of cotton from the reserves into the market during the period between August 10 and October 22.

    Total cotton output in China is expected to decrease 5.5 percent year-on-year to 6.36 million tons in 2010.

    http://www.capitalvue.com/home/CE-news/inset/@10063/post/1250831

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  169. Cotton prices fall
    Current News World KARACHI: The Karachi Cotton Association on Tuesday fixed the official spot rate, or base price, for Grade 3 cotton at 8,895 rupees per maund (40 kg). The Grade 3 cotton has a staple length of 1-1/16″ (inches) and micronaire value between 3.8 to 4.9 NCL (no control limits) which represents fine to coarse classes of cotton varieties. In the kerb market the key crop varieties traded in the range…

    http://www.cnewsworld.com/pakistan/cotton-prices-fall/

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  170. Giordano fashion costs to tighten with cotton prices
    Armina Ligaya
    Last Updated: Nov 24, 2010

    The fashion retailer Giordano, which has more than 170 stores across the Gulf, will need to raise prices by up to 15 per cent for its autumn collection next year because of sharply rising cotton prices on world markets.

    Ishwar Chugani, the regional executive director of Giordano Fashions, said that the group bought its stock for the spring collection at least six months ago, before the cotton price rally, but that consumers would feel the pinch by the end of next year.

    http://www.thenational.ae/business/retail/giordano-fashion-costs-to-tighten-with-cotton-prices

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  171. Shortage, skyrocketing yarn prices: over 200,000 daily wage workers lose jobs

    RECORDER REPORT

    MULTAN (November 24, 2010) : All Pakistan Power Loom Association (APPLA) Secretary General, Khaliq Qandeel Ansari has said that it was our unanimous decision not to purchase the cotton yarn on the higher price, not to accept the increase in power tariff and discriminatory gas load shedding because our two lakh workers rendered jobless in Multan and Faisalabad due to closure of power looms.

    http://www.brecorder.com/news/cotton-and-textiles/pakistan/1127073:shortage-skyrocketing-yarn-prices-over-200-000-daily-wage-workers-lose-jobs.html

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  172. Domestic markets may save HK’s mainland factories
    Process trade in Pearl River Delta doomed, professor says

    Denise Tsang
    Nov 24, 2010

    Five years ago, Thomas Chan Man-hung predicted the doom and gloom that was about to hit the low-value export sector in the Pearl River Delta.

    But his dire forecast fell on deaf ears among the tens of thousands of Hong Kong manufacturers with factories across the border, many of which have since closed their doors.

    http://www.scmp.com/portal/site/SCMP/menuitem.2af62ecb329d3d7733492d9253a0a0a0/?vgnextoid=94cf2600f997c210VgnVCM100000360a0a0aRCRD&ss=Companies+%26+Finance&s=Business

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  173. China sees big corn shortage, urges more bank aid

    BEIJING | Wed Nov 24, 2010 3:04am GMT

    BEIJING Nov 24 (Reuters) – China’s Banking Regulatory Commission (CBRC) has called on banks to urgently offer special support to the agriculture sector in the face of severe shortages of corn, cotton and sugar, among other crops.
    http://uk.reuters.com/article/idUKTOE6AN02E20101124

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  174. Wednesday, November 24, 2010
    Spot rate falls by Rs 200/maund

    Staff Report

    KARACHI: The Karachi cotton market faced a dull trading session on back of low demand, traders at Karachi Cotton Association (KCA) said Tuesday.

    The physical prices remained strong while most of the deals changed hands at Rs 8,500 per maund.

    http://www.dailytimes.com.pk/default.asp?page=2010\11\24\story_24-11-2010_pg5_9

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  175. Cotton-export limit may be increased on India’s record crop
    Debarati Roy, Bloomberg UTV.Wednesday, 24 November 2010, at 08:24 IST

    Exports may be 2 million bales, less than half the permitted quota to be shipped by Dec. 15.

    India, the second-biggest cotton producer and exporter, may boost its limit on shipments to foreign buyers as domestic output jumps 27% to the highest ever, an association of growers and traders said.

    “Everything points to the government raising the export quota when they assess the crop situation in December,” Nayan Mirani, Vice President of Cotton Association of India, said in Mumbai. The Cotton Association of India represents about 400 growers, ginners and traders.

    http://utvmoney.mangopeople.com/news/2010/nov/cotton-export-limit-may-be-increased-on-indias-record-crop.html

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  176. Texas crop, weather: Cotton agronomist: Don’t blame inflated blue jean prices on farmers
    By Robert Burns, Texas A&M
    Nov 24, 2010

    OLLEGE STATION — Many producers have a lot to be thankful for as Thanksgiving approaches, but cotton producers were particularly blessed, according to Texas AgriLife Extension Service personnel.

    “It’s not often we have a good crop and a good price, and the future prices are still looking pretty good,” said Dr. Gaylon Morgan, AgriLife Extension statewide cotton agronomist based in College Station. “So I think we’re going to see a pretty substantial increase in cotton acreage and throughout the cotton belt next year.”

    http://www.ntxe-news.com/artman/publish/article_66131.shtml

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  177. Cotton prices ease from current peak levels
    From the Newspaper
    (10 hours ago) Today
    By Our Staff Reporter

    KARACHI, Nov 23: Cotton prices on Tuesday eased from the current peak levels on ginners selling triggered by reports of higher unsold stocks of lint with the ginning factories, combined with sharp fall in the New York cotton futures.

    The selling was also aided by reports of sharp fall in New York cotton futures, which virtually collapsed from the all-time peak level of 128.00 cents per lb to 121.90 cents, off 6.00 cents per lb, while the distant March contract was marked down by 5.36 cents at 117.79 per lb.

    http://www.dawn.com/2010/11/24/cotton-prices-ease-from-current-peak-level.html

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  178. Business volume increases as rates ease on cotton market

    RECORDER REPORT

    KARACHI (November 24, 2010) : Handsome activity was seen on the cotton market on Tuesday as mills and exporters were not inclined to lose a single deal, dealers said. The Karachi Cotton Association (KCA) spot rate was lowered by Rs 200 to Rs 8,300. In the meantime, seeds cotton prices in Sindh and Punjab continued overnight fall, losing Rs 200-300 at Rs 3500-3,600, they said.

    http://www.brecorder.com/news/cotton-and-textiles/pakistan/1127218:business-volume-increases-as-rates-ease-on-cotton-market.html

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  179. US Cotton No.2 113.76 2.24 2.01%
    http://www.futurespros.com/news/
    and

    http://www.futurespros.com/softs/us-cotton-no.2

    The Trend Trader For Futures Trading on Wednesday, November 24, 2010, Tuesday, November 23, 2010
    by Bob Hunt of The Pattern Trapper

    Cotton – Dec CTZ0 113.09 − 7.23 122.98 132.71 Bearish

    http://www.insidefutures.com/article/189762/The%20Trend%20Trader%20For%20Futures%20Trading%20on%20Wednesday,%20November%2024,%202010.html

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  180. Textile industry seeks export curbs on cotton

    Our Bureau

    New Delhi, Nov. 23

    Amid rising cotton prices, the textile industry has reiterated its demand for the need to restrict cotton exports during the year to the 5.5 million bales announced by Government.

    Out of this amount, for which export contracts have already been registered, any quantity that remains unshipped within the stipulated last date of December 15 should not be allowed for shipment or fresh registration at least for the next two months, the Confederation of Indian Textile Industry (CITI) has sought.

    http://www.thehindubusinessline.com/2010/11/24/stories/2010112452581900.htm

    India to Have Net Cotton Surplus For 2010/11 Season
    November 16, 2010
    BY SESHADRI RAMKUMAR

    Texas Tech University

    The Cotton Association of India (CAI) released its estimates for cotton output in India for the season 2010-11 today. The estimates are based on the latest data from CAI as of October 31, 2010. The Indian crop for the 2010-11 seasons is estimated to be 35.7 million bales (170 kg/bale). The total cotton supply will be 41.85 million bales with an import estimated at 650,000 bales. The total consumption including mill, non-mill and small-scale units is projected to be 26.6 million bales, leaving a surplus of 15.25 million bales, which is higher than the 13.6 million bale surplus from 2009-10.

    http://www.cotton247.com/news/cg/?storyid=1660

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  181. US cotton tracks China to lower close
    Last updated: November 24, 2010

    NEW YORK: US cotton futures ended lower on Monday, after falling by the daily 6-cent limit for a second straight session, as weak overnight prices in No. 1 consumer China fed through to the New York open and a firmer dollar added to the weaker tone, dealers said.

    The benchmark March cotton contract on ICE Futures US ended down 5.36 cents, or 4.4 per cent, at $1.1779 per lb but above an earlier 6-cent downside limit move to $1.1715 per lb. That daily trading limit will remain in place for business conducted on Tuesday, Nov. 23, according to the Ice Futures US website.
    Limits do not expand beyond 6 cents, the website said. The March cotton contract is down nearly 23 per cent from its all-time peak at $1.5195 per lb on Nov. 10.

    http://thefinancialdaily.com/news/commodities/us-cotton-tracks-china-to-lower-close-30377.aspx

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  182. UGA: High Cotton A Look at 2011 Prices and Competitiveness (Nov 23, 2010)
    By Don Shurley,
    University of Georgia,
    donshur@uga.edu

    Dec2011 cotton futures closed today at just under 98 cents (97.96 cents/lb). Prices for both this year’s crop and next year’s crop continue to climb. Dec2010 closed today at just over $1.42. Demand for cotton has remained strong and aided by the weakening dollar. There remains uncertainty about the China crop that also adds strength to prices. USDA’s November supply/demand report will be released on Tuesday, Nov 9.

    The 2010 crop is mostly already sold and the remainder should be sold when the bales are available. Producers should strongly consider pricing a portion of the 2011 crop. The US will plant more cotton in 2011. Prices for competing crops like corn and soybeans are also high but we will likely still plant more cotton. Contract prices for peanuts are also expected to be competitive with other crops.

    http://www.farms.com/FarmsPages/Commentary/DetailedCommentary/tabid/192/Default.aspx?NewsId=35942

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  183. Textile exports up 23pc in 4 months
    By: Imran Ali Kundi | Published: November 24, 2010

    ISLAMABAD – Textile sector continues its healthy growth in the ongoing fiscal year, as its export went up by over 23 per cent in first four months (July-October) of 2010-11 as against the corresponding period of the previous year, Federal Bureau of Statistics reported on Tuesday.
    According to the latest figures, exports of textile group were recorded at $ 4.107 billion in July-October 2010 against $ 3.321 billion in the same month of 2009 registering a handsome growth of 23.65 per cent.
    However the All Pakistan Textile Mills Association believed that this growth could not be sustained for longer time as with the introduction of Reformed General Sales Tax, zero rated facility to the main export earning sector would eliminate. Due to this, export of this sector would destroy, the APTMA informed.

    http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/Business/24-Nov-2010/Textile-exports-up-23pc-in-4-months

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  184. Posted on Wed, Nov. 24, 2010 12:40 AM
    China cracks down on speculators to cool prices
    The Associated Press

    China’s government is widening its anti-inflation campaign, Wednesday ordering a crackdown on speculators it accuses of illegally pushing up commodity prices.

    The order comes as Beijing enforces measures announced last week to cool food prices that soared more than 10 percent in October. Analysts expect Beijing to hike interest rates in coming months to rein in inflation even as Washington and other major developed economies try to shore up lackluster growth.
    http://www.kansascity.com/2010/11/24/2467312/china-cracks-down-on-speculators.html

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  185. Bangladesh…

    Global cotton prices to remain on top
    NEW DELHI, Nov 23 (Commodity Online): Global cotton prices continued to scale new highs as unusually heavy rain and cloudiness in major producer India, which caused yield and quality losses, adds to the woes.

    http://www.thefinancialexpress-bd.com/more.php?news_id=118151&date=2010-11-24

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  186. Holiday Shoppers Will Feel Impact of High Cotton Prices
    Nov 23, 2010

    Gap Inc., J.C. Penney Co. and other U.S. retailers may have to pay Chinese suppliers as much as 30 percent more for clothes as surging cotton prices boost costs, says a report by Bloomberg.

    “It’s a little terrifying to deal with cotton suppliers now,” said Vicky Wu, a sales manager at Suzhou Unitedtex Enterprise Ltd., a closely held, Jiangsu province-based clothes maker that counts Gap and J.C. Penney among its clients.

    Cotton futures in China have surged more than 70 percent this year and were at a record earlier as the global economy emerged from recession, allowing people to spend more on clothes. Production of the fiber in China, the world’s biggest user and importer, is forecast to lag behind demand for a 12th year, cutting its stockpile to the smallest since 1995, according to the U.S. Department of Agriculture.

    http://www.cotton247.com/news/cg/?storyid=1676

    ‘Pass the Buck’ Cotton Stories to Continue
    November 22, 2010

    By Roger Haldenby
    Plains Cotton Growers

    A month ago December ’10 cotton was at $1.09. As the market shot spaceward on tales of smaller crops in West Texas, India, and China and solid demand around the world it reached a heady zenith of over $1.57 just one week ago.

    The past couple of weeks have brought us stories forecasting gloom and doom with predictions of price increases to consumers of $10 or even more for a pair of jeans containing, at most, two pounds of cotton. Similar stories expecting the price of a T-shirt, that contains a half pound or less of cotton, to go up by $5 or more have also circulated.

    Then came a slide back with several limit down days on the market dropping the December ’10 almost 30 cents to a Friday close of $1.2790.

    Will we see a moderation to these tales of woe? Will we hear stories breathing a sigh of relief that you can rest easy in a new pair of blue jeans without maxing out your credit card? Probably not.

    http://www.cotton247.com/news/cg/?storyid=1671

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  187. Three Strikes to Cotton Supplies
    September 24, 2010
    The first of the three strikes to hit global cotton supplies struck China, the largest producer and largest consumer of cotton. Bad weather there damaged the cotton crop, which prompted Beijing to ramp up imports in order to feed the country’s textile factories.

    “From the buying pattern we have seen out of China, it would appear that collectively, they may not have seen this rally coming,” L.O.G.I.C. Advisors’ Lawson told The FT.

    http://moneymorning.com/2010/09/24/investing-in-cotton/

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  188. Sugar Rises on Weather Concerns, Cotton Falls
    November 24th, 2010

    Cotton dropped to the lowest level in a month as China tightened rules for bank credit in order to make it hard to speculate on agricultural markets and as the dollar rose. China attempts to prevent hoarding of products and artificial inflation of prices. The dollar surged after North and South Korea exchanged artillery fire, spurring demand for the US currency as a safe haven. March delivery for cotton fell 0.06 (5.1 percent) to $1.1179 per pound by 14:44 on ICE.

    http://www.commodityblog.com/commodity-prices-sugar/sugar-rises-on-weather-concerns-cotton-falls

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  189. November 24, 2010 4:25 PM EST
    Pro Farmer’s After the Close 11/22/10

    Cotton – Futures ended limit down in the nearby December contract. Deferred futures finished sharply lower, but not limit down. Cotton futures faced additional liquidation pressure today as the correction from all-time highs continued. Strength in the U.S. dollar contributed to today’s price pressure in the cotton market.

    http://africa.ibtimes.com/articles/84830/20101124/pro-farmer-s-after-the-close-11-22-10-soybeans-corn-wheat-cotton-hogs-cattle.htm

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  190. Five sectors should stay zero-rated: Fahim
    KARACHI: Endorsing the stance of the Pakistan Hosiery Manufacturers Association (PHMA), Federal Minister for Commerce Amin Fahim said, “I strongly supported the viewpoint of the business community to keep the five sectors zero-rated even after the introduction of reformed general sales tax (RGST).”

    Fahim said that he cast his vote in favour of the business community on all issues including the RGST, but parliament is where everyone’s voice is presented and the decision of the house will be honoured.

    http://tribune.com.pk/story/80281/five-sectors-should-stay-zero-rated-fahim/

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  191. Business volume increases as rates ease on cotton market

    RECORDER REPORT

    KARACHI (November 24, 2010) : Handsome activity was seen on the cotton market on Tuesday as mills and exporters were not inclined to lose a single deal, dealers said. The Karachi Cotton Association (KCA) spot rate was lowered by Rs 200 to Rs 8,300. In the meantime, seeds cotton prices in Sindh and Punjab continued overnight fall, losing Rs 200-300 at Rs 3500-3,600, they said.
    http://www.brecorder.com/news/cotton-and-textiles/pakistan/1127218:business-volume-increases-as-rates-ease-on-cotton-market.html

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  192. Cotton-Export Limit May be Increased on India’s Record Crop, Group Says
    By Debarati Roy – Nov 24, 2010 2:46 AM GMT+0500

    India, the second-biggest cotton producer and exporter, may boost its limit on shipments to foreign buyers as domestic output jumps 27 percent to the highest ever, an association of growers and traders said.

    “Everything points to the government raising the export quota when they assess the crop situation in December,” Nayan Mirani, a vice president of Cotton Association of India, said today in a telephone interview from Mumbai.

    Production in the year that began last month may reach a record 37.5 million bales, above the association’s September estimate of 34.5 million and last year’s output of 29.5 million, he said. Demand from domestic textile mills may total 26.6 million bales, according to the group.

    http://www.bloomberg.com/news/2010-11-23/india-may-boost-limit-on-exports-as-crop-surges-27-to-record-group-says.html

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  193. * NOVEMBER 23, 2010, 2:43 A.M. ET

    China Cotton Prices To Fall On Inflation Controls -CNCRC
    BEIJING (Dow Jones)–China’s cotton prices will likely fall in the near term as government policies take effect, China National Cotton Reserve Corp. said Tuesday.

    However, cotton industry participants are taking a wait-and-see attitude as the government implements policies to limit overheating of the economy and control inflation, with most cotton farmers holding onto inventories, the CNCRC said in a report published on the website of the State-owned Assets Supervision and Administration Commission.

    Meanwhile, some textile manufacturers have stopped buying due to slack demand, said the CNCRC, the state-owned company that operates China’s cotton reserves.

    http://online.wsj.com/article/BT-CO-20101123-701494.html

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  194. Indian cotton might lag behind government quota
    Nov 23, 2010 09:31 AM
    0diggsdigg

    Indian exports of cotton might not fill the government’s quota due to record prices and the fact that some exporters are not supplied, according to an international exporter cited by Bloomberg.

    http://www.danielstrading.com/resources/news/Futures-Market-News/Indian-cotton-might-lag-behind-government-quota_800251714/

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  195. Cotton Exports From India May Fall Short of Quota, Olam Says
    By Pratik Parija and Prabhudatta Mishra – Nov 23, 2010 4:31 PM GMT+0500

    Cotton shipments from India, the biggest grower after China, may not fill the quota set by the government as some exporters fail to secure supplies amid lower arrivals and record prices, according to Olam International Ltd.

    http://www.bloomberg.com/news/2010-11-23/cotton-sales-from-india-may-fall-short-of-quota-as-some-exporters-default.html

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  196. New York cotton limit down amid weak macroeconomics

    NEW YORK (November 24, 2010) : US cotton futures fell their 6-cent daily limit on Tuesday for a third straight session, falling along with other commodities on worries about Korean violence while eurozone concerns pushed the US dollar higher, dealers said. The spot December contract, which traded in thin dealings, dropped nearly 9 cents as it was no longer subjected to price limit restrictions after entering its notice period on Tuesday.

    — Cotton falls by 6-cent limit for 3rd straight session

    http://www.brecorder.com/news/cotton-and-textiles/world/1127161:new-york-cotton-limit-down-amid-weak-macroeconomics.html

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  197. Marks & Spencer to relaunch in Europe
    Marks & Spencer is plotting an audacious return to retailing on mainland Europe by buying back the shops that it controversially sold almost 10 years ago.

    By James Hall 10:00PM BST 30 Oct 2010

    In an bold plan to kick-start its international growth, M&S has approached European retailers about re-acquiring some of the properties that it exited in 2001 when it closed its entire Continental chain.

    http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/8098885/Marks-and-Spencer-to-relaunch-in-Europe.html

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  198. July-October cotton export down 12 percent
    RIZWAN BHATTI
    KARACHI (November 25 2010): The country’s raw cotton export has registered a decline of 12 percent during first four months of current fiscal year due to shortfall in the cotton crop and high price trend in the domestic market, exporters said. They said the country has already missed its cotton production target by some 1.4 million bales during the last fiscal year and as per current calculations of the crop assessment committee, the country’s cotton production was around 12.7 million bales against the target of 14.1 million bales in FY10.

    http://www.brecorder.com/index3.php?id=1127337&currPageNo=1&query=&search=&term=&supDate=

    Hectic activity seen on cotton market as rates continue to decline
    RECORDER REPORT
    KARACHI (November 25 2010): Sizeable business was seen on the cotton market on Wednesday as mills were not ready to miss a single lot on the falling rate, dealers said. The Karachi Cotton Association (KCA) spot rate was left unchanged at Rs 8,300. In the meantime seed cotton prices in Sindh and Punjab resisted further slide at Rs 3,500-3,700, they said.

    http://www.brecorder.com/index3.php?id=1127573&currPageNo=1&query=&search=&term=&supDate=

    Updated Thursday, November 25, 2010 9:18 pm TWN, AP
    China cracking down on speculators to cool prices
    BEIJING–China’s government is widening its anti-inflation campaign, Wednesday ordering a crackdown on speculators it accuses of illegally pushing up commodity prices.
    http://www.chinapost.com.tw/business/asia-china/2010/11/25/281221/China-cracking.htm

    cotton price –
    As of Nov 24 2010 19:11 GMT.117.50+4.41+3.90%+64.84%

    http://markets.ft.com/markets/commodities.asp and
    http://markets.ft.com/tearsheets/performance.asp?s=1066877&ss=WSODIssue

    US cotton limits down for third day
    Last updated: November 25, 2010
    NEW YORK: US cotton futures fell by their daily 6-cent limit for the third straight session on Tuesday, notching their biggest 3-day decline in more than 15 years, as Korean tensions and euro-zone debt concerns accelerated the market’s recent correction from record peaks.
    http://thefinancialdaily.com/news/commodities/us-cotton-limits-down-for-third-day-30767.aspx

    Adjusted World Price and Step 3
    http://www.cotton.org/econ/prices/awp_step2_step3.cfm

    Cotton prices start to ease
    Published: November 24, 2010

    LAHORE – With the recent monetary measures taken by the Chinese government to counter the country’s soaring inflation and better than expected crop production in India have taken some pressure off the cotton prices recently.
    http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/Business/24-Nov-2010/Cotton-prices-start-to-ease

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  199. Physical prices remain strongNovember 25, 2010 (Germany)
    The sharp drop in prices for cotton at New York was continuing. The close on 23rd Nov. compared to the close on 16th Nov. was down for about 20 cents. The Cotlook A Index moved also down for about 10 cents compared to last week.

    The discrepancy between these two important price indications and physical prices was increasing. To the disappointment of spinning mills quotations for actual deliveries have not followed the movement in New York.

    Given tight stocks in origin and uncertainty in supply for first quarter 2011 the prices remained high. When and in which quantities new crops will be available was still a question.

    Business for medium staple cotton was calm. The prices for LS/ELS cotton have been strong with a tenor to move higher. There was interest to buy already for shipments in 2012.

    Small sales in the medium staple range for the local market were reported in West African cotton for second quarter 2011, in Spanish and Central Asian Qualities for delivery prompt up to first quarter 2011. In the LS/ELS range Israel Pima, US-Pima and US-Ultima cotton were already sold for first quarter 2012. Giza 86 and Israel Acalpi were sold for prompt resp. first quarter 2011.
    http://www.fibre2fashion.com/news/textile-news/newsdetails.aspx?news_id=93329

    cotton prices
    US Cotton No.2 116.004.484.02%

    http://www.futurespros.com/softs/us-cotton-no.2

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  200. Prices fall further on cotton market
    From the Newspaper, (9 hours ago) Today
    By Our Staff Reporter
    KARACHI, Nov 24: Cotton prices on Wednesday maintained their downward drift in sympathy with continued bear onslaught on the New York cotton futures market for the consecutive three sessions, and analysts think further pruning is still overdue.

    http://www.dawn.com/2010/11/25/prices-fall-further-on-cotton-marke.html

    Cotton – As of Nov 24 2010 19:11 GMT.117.50+4.41+3.90%+64.84%
    http://markets.ft.com/tearsheets/performance.asp?s=1066877&ss=WSODIssue

    Thursday, November 25, 2010
    Trading remains range-bound amid firm spot rate
    Staff Report

    KARACHI: Trading remained range-bound on the back of grade issue while spot rate stood firm with strong physical price, traders at Karachi Cotton Association (KCA) said Wednesday.
    http://www.dailytimes.com.pk/default.asp?page=2010\11\25\story_25-11-2010_pg5_6

    Textile sector uncertain over cotton prices
    Published: Thursday, Nov 25, 2010, 2:08 IST
    By Amritha Pillay | Place: Mumbai | Agency: DNA

    http://www.dnaindia.com/money/report_textile-sector-uncertain-over-cotton-prices_1471709

    also read:
    http://news.tradingcharts.com/futures/0/2/CN2061290195020.html
    and http://www.ams.usda.gov/mnreports/mp_cn206.txt

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  201. Lint prices remain range-bound; spot rate unchanged on cotton market

    RECORDER REPORT
    KARACHI (November 26, 2010) : Firmness prevailed on the local cotton market on Thursday as growers and ginners held the stock on expectations of further rise in the rates, dealers said. The Karachi Cotton Association (KCA) spot rate was left unchanged at Rs 8,300. In the meantime seeds cotton prices in Sindh and Punjab managed to gain Rs 100 to Rs 3,600-3,800, they said.

    http://www.brecorder.com/news/cotton-and-textiles/pakistan/1127887:lint-prices-remain-range-bound-spot-rate-unchanged-on-cotton-market.html

    Cotton prices perk up again
    DR ZAFAR HASSAN
    LAHORE (November 26, 2010) : After the free fall of New York cotton futures prices soon after attaining majestic level of US Cents 157.23 per pound on 10th November 2010 domestic lint prices also continued to swing downwards over the past fortnight or so. However, pursuant to the firmness and gains in the New York futures prices over the last couple of days, local lint prices also firmed up at midweek.

    http://www.brecorder.com/news/cotton-and-textiles/pakistan/1127885:cotton-prices-perk-up-again.html

    cotton prices
    As of Nov 27 2010 02:12 GMT.115.50-3.89-3.26%+62.04%
    http://markets.ft.com/tearsheets/performance.asp?s=1066877&ss=WSODIssue

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  202. China enlists farmers to tame prices
    Nov 26, 2010 8:31am
    http://www.optuszoo.com.au/news/238314/china-enlists-farmers-to-tame-prices.html

    113.50
    -2.50
    (-2.16%)
    March 11 contract
    http://www.futurespros.com/softs/us-cotton-no.2

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  203. Pakistani fabric manufacturers to get boost
    Friday, November 26, 2010
    By Mansoor Ahmad

    LAHORE: Pakistan’s fabric manufacturers got another boost from the European Commission that has allowed least developed countries (LDC) to use imported fabrics and still get a GSP plus status for exports to the EU countries, experts said on Thursday.

    The new regulation, which will come into force from January 1, 2011, would simplify procedures for developing countries want to access the EU’s preferential trade arrangements.

    http://www.thenews.com.pk/26-11-2010/business/17241.htm

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  204. Cotton prices rise again as shortfall seen
    Friday, November 26, 2010

    KARACHI: Cotton prices rose to Rs8,500 to Rs 8,700 per maund on Thursday as traders anticipated a shortfall in the wake of lower crop arrivals, said dealers.

    “Prices can go slightly up in the coming days as the arrivals have been slow” said Naseem Usman, a senior cotton trader.

    http://www.thenews.com.pk/26-11-2010/business/17243.htm

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  205. Fine lint remains in focus amid dull trading
    KARACHI: Fine lint remained in focus while spot rate stood firm with strong physical price, traders at Karachi Cotton Association (KCA) said Thursday.

    The physical prices remained strong as most of the deals changed hands at Rs 8,500 per maund while KCA spot stayed at Rs 8,300 per maund, floor brokers said.

    http://www.dailytimes.com.pk/default.asp?page=2010\11\26\story_26-11-2010_pg5_11

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  206. Cotton Rebounds From Biggest Three-Day Slump Since 2008 on China Outlook
    By Leslie Patton – Nov 24, 2010 8:43 PM GMT+0500
    Cotton futures rebounded from the biggest three-session slump since 2008 on signs of resilient demand from China, the world’s biggest consumer. Orange juice fell.

    http://www.bloomberg.com/news/2010-11-24/cotton-rebounds-from-biggest-three-day-slump-since-2008-on-china-outlook.html

    U.S. Commodities: Gold Jumps on European Debt, Korean Tensions
    By Pham-Duy Nguyen – Nov 24, 2010 4:06 AM GMT+0500
    In other markets, cotton extended a slump to a one-month low as China, the world’s biggest buyer, plans to clamp down on the use of bank credit for speculation in agricultural markets. Sugar climbed. The UBS Bloomberg Constant Maturity Commodity Index dropped 0.2 percent to 1,466.89.
    http://www.bloomberg.com/news/2010-11-23/u-s-commodities-gold-jumps-on-european-debt-korean-tensions.html

    Thursday, November 18, 2010
    Poleyster Prices Surge on New Demand- Cotton May Have Peaked?

    Recent news from China has all petroleum based fibers, especially PET, polyester, nylon and urethanes, increasing in price from 20-45% over the past two months due to increased demand and rising petroleum costs.
    http://style-source.blogspot.com/2010/11/poleyster-prices-surge-on-new-demand.html

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  207. U.S. cotton ends up on technicals, China demand
    Published: Wednesday, 24 Nov 2010 | 3:51 PM ET

    NEW YORK, Nov 24 (Reuters) – U.S. cotton futures bounced to a firmer finish on Wednesday, as technically oversold conditions and prospects of greater Asian demand growth helped prices snap a two-week losing streak that shaved more than 26 percent from the market.

    http://www.cnbc.com/id/40360193

    U.S. cotton limit down amid weak macroeconomics
    Published: Tuesday, 23 Nov 2010 | 11:24 AM ET

    NEW YORK, Nov 23 (Reuters) – U.S. cotton futures fell their 6-cent daily limit on Tuesday for a third straight session, falling along with other commodities on worries about Korean violence while euro zone concerns pushed the U.S. dollar higher, dealers said.

    http://www.cnbc.com/id/40337260

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  208. Mon, Nov 29, 2010 – Page 11
    Cotton price hike could be the end of ‘cheap fashion’
    AFP, DHAKA

    In the home of cheap clothing manufacturing, the record price of cotton is causing havoc for producers — and the pain will pass down the chain to buyers in developed countries, analysts said.

    Bangladesh, the third-biggest producer of clothes worldwide, is one of the cheapest locations for manufacturing in the world and its factories churn out clothing for leading brands from Wal-Mart Stores Inc to Hennes & Mauritz (H&M) AB and Gap Inc.

    http://taipeitimes.com/News/biz/archives/2010/11/29/2003489664

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  209. Cotton price doubled
    2010-11-29 02:22:54 GMT2010-11-29 10:22:54 (Beijing Time) Global Times

    A year-long doubling of cotton prices has put a scare in the local textile and apparel industry and had a significant impact on the manufacturing of cheap clothing, AFP reported Sunday.

    The news agency reported from India that the price of cotton in the global markets reached $1.50 a pound (0.45 kilograms) for the first time November 9, twice the price of 12 months ago.

    http://english.sina.com/business/p/2010/1128/349939.html

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  210. Record cotton prices flag peril for rag trade
    Agence France-Presse in Dhaka
    Nov 29, 2010

    In the home of cheap clothing manufacturing, the record price of cotton is causing havoc for producers – and the pain will pass down the chain to buyers in developed countries, analysts say.

    Bangladesh, the third-biggest producer of clothes worldwide, is one of the cheapest locations for manufacturing in the world and its factories churn out clothing for leading brands from Wal-Mart to H&M and Gap.

    http://www.scmp.com/portal/site/SCMP/menuitem.2af62ecb329d3d7733492d9253a0a0a0/?vgnextoid=aa827fa89629c210VgnVCM100000360a0a0aRCRD&ss=asia+world&s=business

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  211. Slackness in cotton market may extend into new year

    S A AZIZ SHAH

    KARACHI (November 29, 2010) : Reports from upcountry stations indicate slow deliveries of seed-cotton to ginneries which may either be due to drop in cotton prices or due to reports of lower production, but its real cause is yet to be known.

    One ginner from Sanghar district (Sindh) reported that they contracted for purchase of 8 truck load of seed-cotton from a cotton supplier (not a grower) who lined up all 8 trucks within 8 hours. He said whenever they make contract for supply of seed-cotton it is immediately supplied. Cotton arrival figures through 30th November,10. expected to be available by 3rd. December would speak the fact.

    http://www.brecorder.com/news/cotton-and-textiles/pakistan/1128754:news.html

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  212. Eurozone crisis: Why India textiles need to look inward
    Published on: November 29 2010 04:05 GMT

    By Seshadri Ramkumar
    “It’s the economy, stupid,” are the now infamous words of James Carville, former advisor to President Bill Clinton. It is now widely accepted that the political campaign designed by Mr. Carville focusing on the economy enabled President Clinton to win the White House in 1992. It was economy then and now, that is impacting nations around the world. And, India is not immune to it.

    From the point of view of the textile industry, trade between nations is the critical factor that keeps the doors to knitting factories and spinning mills open. This is particularly true for India, whose textile industry is heavily dependent on its export to developed nations such as the Euro zone countries and the United States of America.

    http://www.commodityonline.com/news/Eurozone-crisis-Why-India-textiles-need-to-look-inward-33876-3-1.html

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  213. Cotton market faces dull trading session

    KARACHI: The Karachi cotton market faced a dull trading session on Saturday while the lint prices stayed firm. Lint prices remained stable on back of growing demand with low volumes traded with strong physical prices, traders at the Karachi Cotton Association (KCA) said.

    http://www.dailytimes.com.pk/default.asp?page=2010\11\28\story_28-11-2010_pg5_15

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  214. Holiday sales encouraging, but are shoppers done?
    By ANNE D’INNOCENZIO Posted 11/29/2010 12:04 AM ET

    NEW YORK (AP) — Holiday shoppers gave retailers a happy Thanksgiving weekend, crowding stores and malls more than last year.

    Add strong spending earlier this month and robust sales online, and retailers head into “Cyber Monday” encouraged. Particularly because many shoppers were buying for themselves, in addition to gifts, though mostly where they saw bargains.

    http://www.investors.com/NewsAndAnalysis/APOnline/Article/213724/201011290004/Holiday-sales-encouraging-but-are-shoppers-done-.aspx

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  215. U.S. Commodities: Cotton Has Biggest Weekly Drop in 21 Months
    By Leslie Patton – Nov 27, 2010 2:06 AM GMT+0500

    Cotton futures tumbled, capping the biggest weekly drop in 21 months, as China broadened efforts to curb speculative trading in farm products and to damp inflation.

    China, the world’s fastest-growing major economy and biggest cotton user, has pledged to control prices and may raise interest rates again to limit inflation. Guotai Junan Securities Co. predicted as many as three increases in borrowing costs by June 30. Cotton prices have dropped 26 percent from a record on Nov. 10.

    http://www.bloomberg.com/news/2010-11-26/u-s-commodities-cotton-has-biggest-weekly-drop-in-21-months.html

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