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

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Urmil Arya

Sushila International, a well established textile organisation established ...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search