Home / Knowledge / News / Textiles / Pak cotton imports to be highest in 8 years
Pak cotton imports to be highest in 8 years
19
Dec '15
Following reports of poor crop conditions in Pakistan, USDA has raised forecast for Pakistan's imports to 2.0 million bales, its highest level in the last eight years.

According to an USDA report, reports of poor crop conditions in Pakistan caused pessimism regarding crop size among many observers over the last several weeks.

“This pessimism has been confirmed by falling deliveries of seed cotton to gins,” the US agricultural agency added in the press release.

Pakistan was widely expected to see higher imports of raw cotton despite a slightly higher import duty, especially as duties on yarn imports were raised substantially.

However, recent reports on cotton shipments from India to Pakistan of at least 600,000 bales (1 bale=170 kgs) bales in November alone indicate that Pakistan's import demand may be substantially larger.

“Outside of Pakistan, the continuing shift of spinning capacity from cotton-producing China to more import-dependent countries such as Vietnam and Bangladesh has also raised the forecast for global trade,” it observed.

“Beyond India, stronger recent demand will benefit Brazil and various West African suppliers especially due to their competitive pricing and relatively large available supplies,” the agency noted.

For 2015/16, world production has been lowered substantially by USDA, mostly due to changes in Pakistan and China.

Consumption and ending stocks are both marginally lower, but trade has been raised 1 million bales, mostly on higher exports from India and Brazil.

At the same time, US production, exports, and ending stocks have been lowered, while the US season-average farm price is projected unchanged at 59 cents/pound. (AR)

Fibre2Fashion News Desk – India

Must ReadView All

Apparel/Garments | On 18th Jan 2017

Government considering 100% FDI in single brand retail

The Government of India is looking at allowing 100 per cent foreign...

Courtesy: Walmart

Apparel/Garments | On 18th Jan 2017

Walmart to create 34,000 new jobs in the US

The world’s biggest retailer and also the biggest US private sector...

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Ashok Desai
Bombay Textile Research Association

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search