Home / Knowledge / News / Textiles / Transport strike ends, cotton exporters still fear losing orders
Transport strike ends, cotton exporters still fear losing orders
27
Aug '08
Cotton exporters of Pakistan are afraid of loosing their orders due to delay in shipment caused by the goods transporters strike.

Mr Shakeel Ahmad, an exporter and member of Karachi Cotton Association told Fibre2fashion that the eight day long strike got over yesterday and in the meanwhile, “around 23,000 cotton bales worth Rs400 million were waiting to be transported to the ports.”

A number of export orders to Bangladesh, India and Far East are facing the risk of being completely annulled due to delayed deliveries, arousing concerns among exporters about how to bear the additional cost of holding the stocks.

Although Pakistani exporters are doing their best by asking importers to ignore the possibility of delay, buyers are not convinced and there is all the likelihood that the orders might get cancelled. This would cause a loss of Rs370 million and an additional damage to the quality of the cotton which would attract moisture and for sure dampen in the open.

Cotton exports from Pakistan stood at the highest level during July 2008, as Bangladesh alone imported around 14,700 cotton bales during the same period while Indian buyers bought about 9,050 cotton bales.

Besides, registered cotton exports amounted to 226,610 bales in season August-July 2008, recording a historic rise of around 28 percent as compared with the same period last year. Of these about 20,100 cotton bales were held up due to delay in shipment and completion of certain procedural formalities.

However, there are still hopes for a renewed boom in exports since Pakistani cotton is still cheaper in the international market and is considered as qualitatively superior. This has created a huge demand in both traditional and non-traditional cotton importing countries.

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 21st Sep 2017

UK fashion exports £10.7 bn in 2016; highest till now

Exports of British fashion goods rose to £10.7 billion in 2016, the...

Apparel/Garments | On 21st Sep 2017

BFC announces partnership with Chinese firm JD.com

The British Fashion Council (BFC) has forged a new partnership...

Textiles | On 21st Sep 2017

Indonesia’s textile exports may reach $15 billion by 2019

Indonesia’s textile-related exports are projected to reach $15...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search