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Start Your 7 Days Free Trial TodayA look at Pakistan's cotton business The local cotton market was upbeat on Wednesday with low trading volume. Cotton analyst Naseem Usman said that the price of cotton in Sindh is Rs 17 to 20 thousand per head. The cost of cotton in Punjab ranges from Rs 18,000 to Rs 21,000 per head. The rate of footi in Sindh ranges from Rs 5,500 to Rs 8,300 per 40 kg. The rate of footi in Punjab ranges from Rs 6,000 to Rs 8,500 per 40 kg.The spot price remained unchanged at Rs 20,000 per head. Polyester fiber was available at Rs 375 per kg.ЁЯСЗЁЯП╗ЁЯСЗЁЯП╗ЁЯСЗЁЯП╗ЁЯСЗЁЯП╗https://smartinfoindia.com/hi/news-details-hindi/Weakens-rupee-dollor-against-evening-closed-rupee-sensex-market
Polyester companies in China under pressure from upstream and downstream sectors The polyester market has been suppressed by the downstream and upstream sectors since late March. As of April 13, the operating rate of both DTY plants and fabric mills in Zhejiang and Jiangsu fell to 65%, down 27% and 11% from previous highs. Polyester companies faced selling pressure when downstream plants were unwilling to buy with higher raw material prices.With cost and sales pressure, the polyester sectors also suffered obvious losses. The shortage of traditional POY and FDY was the most severe and the inventory of polyester products also started increasing. However, the polyester market is still highly flexible. The polyester polymerization rate only dropped to 87.8% by April 14, from an earlier high of 90.9% at the end of March. The all new polyester units produced PFY.Polyester companies faced difficulty in cutting production. On the one hand, small and medium-sized polyester companies have steadily reduced production. Factories also need to consider the issue of labor after production has come to a standstill. On the other hand, the leading companies do not appear to be as united as last year, with independent operations as per their status. Therefore, it would be difficult for them to discuss joint production cuts in the short run, even if they suffered losses.With feedstock futures moving strong on April 14, polyester companies were forced to cut prices to promote. Based on the spot raw material price on April 14, the loss of POY150D/48F exceeded 500 yuan/mt and the loss of FDY150D/96F exceeded 400 yuan/mt. Downstream buyers pushed up PFY's sell ratio, which stood at 300% as recently as April 14.After intensive replenishment on April 14, PFY stocks at DTY plants and textile mills may guarantee production till next week. Hence PFY sales are expected to remain low. The holiday plans of DTY plants and textile mills for the May Day holiday (April 29-May 3) next week should be highly concerned, as well as PFY sales at the end of April. Whether PFY plants will cut prices to re-promote amid a rising feedstock market, further observation is needed.Therefore, some market participants thought that inventory rather than losses in polyester companies was the most important factor influencing production cuts. The current inventory of PFY was reduced to only half that of 2022. In such a situation, some players have concluded that polyester companies cannot simply temporarily cut production when the inventory burden is not clear, at least not see a large-scale production reduction. The upstream feedstock market is optimistic again.Hengli Petrochemical announced that a 2,500kt/year PTA unit in Dalian will have a scheduled turnaround from mid-April 17. Buoyed by this news, PTA futures performed strongly. Polyester companies are more likely to face rising inventories in April, when operating rates at DTY plants and fabric mills fall sharply from March. The polyester industry is now facing a growing contradiction. How long polyester companies can survive amid losses and steady sales pressure needs to be watched further.ЁЯСЗЁЯП╗ЁЯСЗЁЯП╗ЁЯСЗЁЯП╗ЁЯСЗЁЯП╗https://smartinfoindia.com/hi/news-details-hindi/Weakens-rupee-dollor-against-evening-closed-rupee-sensex-market
рдЪреАрди рдореЗрдВ рдкреЙрд▓реАрд╕реНрдЯрд░ рдХрдВрдкрдирд┐рдпрд╛рдВ рдЕрдкрд╕реНрдЯреНрд░реАрдо рдФрд░ рдбрд╛рдЙрдирд╕реНрдЯреНрд░реАрдо рд╕реЗрдХреНрдЯрд░реЛрдВ рдХреЗ рджрдмрд╛рд╡ рд╕реЗ рд╕рдВрдХрдЯ рдореЗрдВ рдорд╛рд░реНрдЪ рдХреЗ рдЕрдВрдд рд╕реЗ рдбрд╛рдЙрдирд╕реНрдЯреНрд░реАрдо рдФрд░ рдЕрдкрд╕реНрдЯреНрд░реАрдо рд╕реЗрдХреНрдЯрд░реЛрдВ рджреНрд╡рд╛рд░рд╛ рдкреЙрд▓рд┐рдПрд╕реНрдЯрд░ рдмрд╛рдЬрд╛рд░ рдХреЛ рджрдмрд╛ рджрд┐рдпрд╛ рдЧрдпрд╛ рд╣реИред 13 рдЕрдкреНрд░реИрд▓ рддрдХ, рдЭреЗрдЬрд┐рдпрд╛рдВрдЧ рдФрд░ рдЬрд┐рдпрд╛рдВрдЧрд╕реВ рдореЗрдВ рдбреАрдЯреАрд╡рд╛рдИ рд╕рдВрдпрдВрддреНрд░реЛрдВ рдФрд░ рдлреИрдмреНрд░рд┐рдХ рдорд┐рд▓реЛрдВ рджреЛрдиреЛрдВ рдХреА рдкрд░рд┐рдЪрд╛рд▓рди рджрд░ рдЧрд┐рд░рдХрд░ 65% рд╣реЛ рдЧрдИ, рдЬреЛ рдкрд┐рдЫрд▓реЗ рдЙрдЪреНрдЪ рд╕реНрддрд░ рд╕реЗ 27% рдФрд░ 11% рдХрдо рд╣реИред рдкреЙрд▓рд┐рдПрд╕реНрдЯрд░ рдХрдВрдкрдирд┐рдпреЛрдВ рдХреЛ рдмрд┐рдХрд╡рд╛рд▓реА рдХреЗ рджрдмрд╛рд╡ рдХрд╛ рд╕рд╛рдордирд╛ рдХрд░рдирд╛ рдкрдбрд╝рд╛ рдЬрдм рдбрд╛рдЙрдирд╕реНрдЯреНрд░реАрдо рдкреНрд▓рд╛рдВрдЯ рдЙрдЪреНрдЪ рдХрдЪреНрдЪреЗ рдорд╛рд▓ рдХреА рдХреАрдордд рдХреЗ рд╕рд╛рде рдЦрд░реАрджрдиреЗ рдХреЗ рд▓рд┐рдП рддреИрдпрд╛рд░ рдирд╣реАрдВ рдереЗредрд▓рд╛рдЧрдд рдФрд░ рдмрд┐рдХреНрд░реА рдХреЗ рджрдмрд╛рд╡ рдХреЗ рд╕рд╛рде, рдкреЙрд▓рд┐рдПрд╕реНрдЯрд░ рдХреНрд╖реЗрддреНрд░реЛрдВ рдХреЛ рднреА рд╕реНрдкрд╖реНрдЯ рдиреБрдХрд╕рд╛рди рдХрд╛ рд╕рд╛рдордирд╛ рдХрд░рдирд╛ рдкрдбрд╝рд╛ред рдкрд╛рд░рдВрдкрд░рд┐рдХ рдкреАрдУрд╡рд╛рдИ рдФрд░ рдПрдлрдбреАрд╡рд╛рдИ рдХреА рдХрдореА рд╕рдмрд╕реЗ рдЧрдВрднреАрд░ рдереА рдФрд░ рдкреЙрд▓рд┐рдПрд╕реНрдЯрд░ рдЙрддреНрдкрд╛рджреЛрдВ рдХреА рд╕реВрдЪреА рднреА рдмрдврд╝рдиреЗ рд▓рдЧреА рдереАред рд╣рд╛рд▓рд╛рдВрдХрд┐, рдкреЙрд▓рд┐рдПрд╕реНрдЯрд░ рдмрд╛рдЬрд╛рд░ рдореЗрдВ рдЕрднреА рднреА рдЕрддреНрдпрдзрд┐рдХ рд▓рдЪреАрд▓рд╛рдкрди рд╣реИред рдкреЙрд▓рд┐рдПрд╕реНрдЯрд░ рдкреЛрд▓реАрдорд░рд╛рдЗрдЬрд╝реЗрд╢рди рджрд░ рдХреЗрд╡рд▓ 14 рдЕрдкреНрд░реИрд▓ рддрдХ рдШрдЯрдХрд░ 87.8% рд╣реЛ рдЧрдИ, рдЬреЛ рдХрд┐ рдорд╛рд░реНрдЪ рдХреЗ рдЕрдВрдд рдореЗрдВ рдкрд╣рд▓реЗ рдЙрдЪреНрдЪ 90.9% рдереАред рд╕рднреА рдирдИ рдкреЙрд▓рд┐рдПрд╕реНрдЯрд░ рдЗрдХрд╛рдЗрдпреЛрдВ рдиреЗ рдкреАрдПрдлрд╡рд╛рдИ рдХрд╛ рдЙрддреНрдкрд╛рджрди рдХрд┐рдпрд╛редрдкреЙрд▓рд┐рдПрд╕реНрдЯрд░ рдХрдВрдкрдирд┐рдпреЛрдВ рдХреЛ рдЙрддреНрдкрд╛рджрди рдореЗрдВ рдХрдЯреМрддреА рдХрд░рдиреЗ рдореЗрдВ рдХрдард┐рдирд╛рдИ рдХрд╛ рд╕рд╛рдордирд╛ рдХрд░рдирд╛ рдкрдбрд╝рд╛ред рдПрдХ рддрд░рдл, рдЫреЛрдЯреЗ рдФрд░ рдордзреНрдпрдо рдЖрдХрд╛рд░ рдХреА рдкреЙрд▓рд┐рдПрд╕реНрдЯрд░ рдХрдВрдкрдирд┐рдпреЛрдВ рдиреЗ рд▓рдЧрд╛рддрд╛рд░ рдЙрддреНрдкрд╛рджрди рдШрдЯрд╛рдпрд╛ рд╣реИред рдЙрддреНрдкрд╛рджрди рдардк рд╣реЛрдиреЗ рдХреЗ рдмрд╛рдж рдлреИрдХреНрдЯреНрд░рд┐рдпреЛрдВ рдХреЛ рдордЬрджреВрд░реЛрдВ рдХреЗ рдореБрджреНрджреЗ рдкрд░ рднреА рд╡рд┐рдЪрд╛рд░ рдХрд░рдиреЗ рдХреА рдЬрд░реВрд░рдд рд╣реИред рджреВрд╕рд░реА рдУрд░, рдЕрдЧреНрд░рдгреА рдХрдВрдкрдирд┐рдпрд╛рдБ рдкрд┐рдЫрд▓реЗ рд╕рд╛рд▓ рдХреА рддрд░рд╣ рдПрдХрдЬреБрдЯ рдирд╣реАрдВ рджрд┐рдЦ рд░рд╣реА рд╣реИрдВ, рдЕрдкрдиреА рд╕реНрдерд┐рддрд┐ рдХреЗ рдЕрдиреБрд╕рд╛рд░ рд╕реНрд╡рддрдВрддреНрд░ рд╕рдВрдЪрд╛рд▓рди рдХреЗ рд╕рд╛рдеред рдЗрд╕рд▓рд┐рдП, рдЙрдирдХреЗ рд▓рд┐рдП рдХрдо рд╕рдордп рдореЗрдВ рд╕рдВрдпреБрдХреНрдд рдЙрддреНрдкрд╛рджрди рдореЗрдВ рдХрдЯреМрддреА рдкрд░ рдЪрд░реНрдЪрд╛ рдХрд░рдирд╛ рдХрдард┐рди рд╣реЛрдЧрд╛, рднрд▓реЗ рд╣реА рдЙрдиреНрд╣реЗрдВ рдиреБрдХрд╕рд╛рди рдЙрдард╛рдирд╛ рдкрдбрд╝рд╛ рд╣реЛред 14 рдЕрдкреНрд░реИрд▓ рдХреЛ рдордЬрдмреВрдд рдмрдврд╝рддреЗ рдлреАрдбрд╕реНрдЯреЙрдХ рд╡рд╛рдпрджрд╛ рдХреЗ рд╕рд╛рде, рдкреЙрд▓рд┐рдПрд╕реНрдЯрд░ рдХрдВрдкрдирд┐рдпреЛрдВ рдХреЛ рдкреНрд░рдЪрд╛рд░ рдХреЗ рд▓рд┐рдП рдХреАрдорддреЛрдВ рдореЗрдВ рдХрдЯреМрддреА рдХрд░рдиреЗ рдХреЗ рд▓рд┐рдП рдордЬрдмреВрд░ рд╣реЛрдирд╛ рдкрдбрд╝рд╛ред 14 рдЕрдкреНрд░реИрд▓ рдХреЛ рд╣рд╛рдЬрд┐рд░ рдХрдЪреНрдЪреЗ рдорд╛рд▓ рдХреА рдХреАрдордд рдХреЗ рдЖрдзрд╛рд░ рдкрд░, POY150D/48F рдХреА рд╣рд╛рдирд┐ 500 рдпреБрдЖрди/mt рд╕реЗ рдЕрдзрд┐рдХ рд╣реЛ рдЧрдИ рдФрд░ FDY150D/96F рдХреА рд╣рд╛рдирд┐ 400рдпреБрдЖрди/mt рд╕реЗ рдЕрдзрд┐рдХ рдереАред рдбрд╛рдЙрдирд╕реНрдЯреНрд░реАрдо рдЦрд░реАрджрд╛рд░реЛрдВ рдиреЗ рдкреАрдПрдлрд╡рд╛рдИ рдХреЗ рдмрд┐рдХреНрд░реА рдЕрдиреБрдкрд╛рдд рдХреЛ рдмрдврд╝рд╛рдпрд╛, рдЬреЛ рд╣рд╛рд▓ рд╣реА рдореЗрдВ 14 рдЕрдкреНрд░реИрд▓ рдХреЛ 300% рдкрд░ рдХрдо рд╣реЛ рдЧрдпрд╛ рдерд╛ред14 рдЕрдкреНрд░реИрд▓ рдХреЛ рдЧрд╣рди рдкреБрдирдГрдкреВрд░реНрддрд┐ рдХреЗ рдмрд╛рдж, рдбреАрдЯреАрд╡рд╛рдИ рд╕рдВрдпрдВрддреНрд░реЛрдВ рдФрд░ рдХрдкрдбрд╝рд╛ рдорд┐рд▓реЛрдВ рдХреЗ рдкреАрдПрдлрд╡рд╛рдИ рд╕реНрдЯреЙрдХ рдЕрдЧрд▓реЗ рд╕рдкреНрддрд╛рд╣ рддрдХ рдЙрддреНрдкрд╛рджрди рдХреА рдЧрд╛рд░рдВрдЯреА рджреЗ рд╕рдХрддреЗ рд╣реИрдВред рдЗрд╕рд▓рд┐рдП рдкреАрдПрдлрд╡рд╛рдИ рдХреА рдмрд┐рдХреНрд░реА рдХрдо рд░рд╣рдиреЗ рдХрд╛ рдЕрдиреБрдорд╛рди рд╣реИред рдордИ рджрд┐рд╡рд╕ рдХреА рдЫреБрдЯреНрдЯреА (рдЕрдкреНрд░реИрд▓ 29-рдордИ 3) рдХреЗ рд▓рд┐рдП DTY рд╕рдВрдпрдВрддреНрд░реЛрдВ рдФрд░ рдХрдкрдбрд╝рд╛ рдорд┐рд▓реЛрдВ рдХреА рдЫреБрдЯреНрдЯреА рдпреЛрдЬрдирд╛ рдЕрдЧрд▓реЗ рд╕рдкреНрддрд╛рд╣ рдЕрддреНрдпрдзрд┐рдХ рдЪрд┐рдВрддрд┐рдд рд╣реЛрдиреА рдЪрд╛рд╣рд┐рдП, рд╕рд╛рде рд╣реА рдЕрдкреНрд░реИрд▓ рдХреЗ рдЕрдВрдд рдореЗрдВ PFY рдХреА рдмрд┐рдХреНрд░реА рднреАред рдмрдврд╝рддреЗ рдлреАрдбрд╕реНрдЯреЙрдХ рдмрд╛рдЬрд╛рд░ рдХреЗ рдмреАрдЪ рдкреАрдПрдлрд╡рд╛рдИ рд╕рдВрдпрдВрддреНрд░ рдлрд┐рд░ рд╕реЗ рдкреНрд░рдЪрд╛рд░ рдХреЗ рд▓рд┐рдП рдХреАрдорддреЛрдВ рдореЗрдВ рдХрдЯреМрддреА рдХрд░реЗрдВрдЧреЗ рдпрд╛ рдирд╣реАрдВ, рдЗрд╕рдХреЗ рд▓рд┐рдП рдЕрднреА рдФрд░ рдЕрд╡рд▓реЛрдХрди рдХреА рдЖрд╡рд╢реНрдпрдХрддрд╛ рд╣реИредрдЗрд╕рд▓рд┐рдП, рдХреБрдЫ рдмрд╛рдЬрд╛рд░ рд╕рд╣рднрд╛рдЧрд┐рдпреЛрдВ рдиреЗ рд╕реЛрдЪрд╛ рдХрд┐ рдкреЙрд▓рд┐рдПрд╕реНрдЯрд░ рдХрдВрдкрдирд┐рдпреЛрдВ рдореЗрдВ рдиреБрдХрд╕рд╛рди рдХреЗ рдмрдЬрд╛рдп рдЗрдиреНрд╡реЗрдВрдЯреНрд░реА рдЙрддреНрдкрд╛рджрди рдХрдЯреМрддреА рдХреЛ рдкреНрд░рднрд╛рд╡рд┐рдд рдХрд░рдиреЗ рд╡рд╛рд▓рд╛ рд╕рдмрд╕реЗ рдорд╣рддреНрд╡рдкреВрд░реНрдг рдХрд╛рд░рдХ рдерд╛ред рдкреАрдПрдлрд╡рд╛рдИ рдХреА рд╡рд░реНрддрдорд╛рди рдЗрдиреНрд╡реЗрдВрдЯреНрд░реА 2022 рдХреА рддреБрд▓рдирд╛ рдореЗрдВ рдХреЗрд╡рд▓ рдЖрдзреА рд░рд╣ рдЧрдИ рдереАред рдРрд╕реА рд╕реНрдерд┐рддрд┐ рдореЗрдВ, рдХреБрдЫ рдЦрд┐рд▓рд╛рдбрд╝рд┐рдпреЛрдВ рдиреЗ рдпрд╣ рдирд┐рд╖реНрдХрд░реНрд╖ рдирд┐рдХрд╛рд▓рд╛ рдХрд┐ рдкреЙрд▓рд┐рдПрд╕реНрдЯрд░ рдХрдВрдкрдирд┐рдпрд╛рдВ рдЖрд╕рд╛рдиреА рд╕реЗ рдЕрд╕реНрдерд╛рдпреА рд░реВрдк рд╕реЗ рдЙрддреНрдкрд╛рджрди рдореЗрдВ рдХрдЯреМрддреА рдирд╣реАрдВ рдХрд░ рд╕рдХрддреА рд╣реИрдВ, рдЬрдм рдЗрдиреНрд╡реЗрдВрдЯреНрд░реА рдХрд╛ рдмреЛрдЭ рд╕реНрдкрд╖реНрдЯ рдирд╣реАрдВ рд╣реИ, рдХрдо рд╕реЗ рдХрдо рдмрдбрд╝реЗ рдкреИрдорд╛рдиреЗ рдкрд░ рдЙрддреНрдкрд╛рджрди рдореЗрдВ рдХрдореА рдирд╣реАрдВ рджрд┐рдЦрд╛рдИ рджреЗрдЧреАред рдЕрдкрд╕реНрдЯреНрд░реАрдо рдлреАрдбрд╕реНрдЯреЙрдХ рдорд╛рд░реНрдХреЗрдЯ рдлрд┐рд░ рд╕реЗ рдЖрд╢рд╛рд╡рд╛рджреА рд╣реЛ рдЧрдпрд╛ рд╣реИредрд╣реЗрдВрдЧрд▓реА рдкреЗрдЯреНрд░реЛрдХреЗрдорд┐рдХрд▓ рдиреЗ рдШреЛрд╖рдгрд╛ рдХреА рдХрд┐ рдбрд╛рд▓рд┐рдпрд╛рди рдореЗрдВ рдПрдХ 2,500kt/рд╡рд░реНрд╖ рдХреА рдкреАрдЯреАрдП рдЗрдХрд╛рдИ рдХрд╛ 17 рдЕрдкреНрд░реИрд▓ рдХреЗ рдордзреНрдп рд╕реЗ рдирд┐рд░реНрдзрд╛рд░рд┐рдд рдЯрд░реНрдирдЕрд░рд╛рдЙрдВрдб рд╣реЛрдЧрд╛ред рдЗрд╕ рдЦрдмрд░ рд╕реЗ рдкреНрд░рднрд╛рд╡рд┐рдд рд╣реЛрдХрд░, рдкреАрдЯреАрдП рд╡рд╛рдпрджрд╛ рдиреЗ рдЬреЛрд░рджрд╛рд░ рдкреНрд░рджрд░реНрд╢рди рдХрд┐рдпрд╛ред рдкреЙрд▓рд┐рдПрд╕реНрдЯрд░ рдХрдВрдкрдирд┐рдпреЛрдВ рдХреЛ рдЕрдкреНрд░реИрд▓ рдореЗрдВ рдмрдврд╝рддреА рдЗрдиреНрд╡реЗрдВрдЯреНрд░реА рдХрд╛ рд╕рд╛рдордирд╛ рдХрд░рдиреЗ рдХреА рдЕрдзрд┐рдХ рдЙрдореНрдореАрдж рд╣реИ, рдЬрдм рдбреАрдЯреАрд╡рд╛рдИ рд╕рдВрдпрдВрддреНрд░реЛрдВ рдФрд░ рдлреИрдмреНрд░рд┐рдХ рдорд┐рд▓реЛрдВ рдХреА рдкрд░рд┐рдЪрд╛рд▓рди рджрд░ рдорд╛рд░реНрдЪ рдореЗрдВ рддреЗрдЬреА рд╕реЗ рдЧрд┐рд░рддреА рд╣реИред рдкреЙрд▓рд┐рдПрд╕реНрдЯрд░ рдЙрджреНрдпреЛрдЧ рдЕрдм рдмрдврд╝рддреЗ рд╡рд┐рд░реЛрдзрд╛рднрд╛рд╕ рдХрд╛ рд╕рд╛рдордирд╛ рдХрд░ рд░рд╣рд╛ рд╣реИред рдиреБрдХрд╕рд╛рди рдФрд░ рд╕реНрдерд┐рд░ рдмрд┐рдХреНрд░реА рдХреЗ рджрдмрд╛рд╡ рдХреЗ рдмреАрдЪ рдкреЙрд▓рд┐рдПрд╕реНрдЯрд░ рдХрдВрдкрдирд┐рдпрд╛рдВ рдХрдм рддрдХ рдЭреЗрд▓ рдкрд╛рдПрдВрдЧреА, рдЗрд╕ рдкрд░ рдЕрднреА рдФрд░ рдирд┐рдЧрд░рд╛рдиреА рдХреА рдЬрд░реВрд░рдд рд╣реИредЁЯСЗЁЯП╗ЁЯСЗЁЯП╗ЁЯСЗЁЯП╗ЁЯСЗЁЯП╗https://smartinfoindia.com/hi/news-details-hindi/Mukable-kamjor-paise-repya-dollor-sham-sensex
Rupee weakens by 18 paise against dollarThis evening, the rupee closed at a level of 82.22 against the dollar with a weakness of 18 paise.Sensex fell 159 pointsToday the stock market closed with a fall.Today, where the Sensex closed at a level of 59567.80 points with a fall of about 159.21 points.On the other hand, the Nifty closed at a level of 17618.80 points with a fall of 41.40 points.ЁЯСЗЁЯП╗ЁЯСЗЁЯП╗ЁЯСЗЁЯП╗ЁЯСЗЁЯП╗https://smartinfoindia.com/hi/news-details-hindi/China%27s-cotton-subsidy-policy-bring-positive-impact-cellulose-fiber-
China's new cotton subsidy policy may bring a positive impact on cellulose fiberOn 10 April, the National Development and Reform Commission and the Ministry of Finance jointly issued тАЬNotice of the Ministry of Finance on Improving the Implementation Measures of the Cotton Target Price PolicyтАЭ. According to which-China began regulating the cotton market in 2014 by setting a target price, which stood at 19,800 yuan/MT during the year. Before 2017 one year fixed strategy was adopted and from 2017 it was changed to three year fixed strategy.In the 2020 notice, the description of the quantity was changed to "Xinjiang Uygur Autonomous Region and Xinjiang Production and Construction Corps". Guidance has been described, but implementation in practice is limited due to a lack of specific quantitative guidelines.The clarification of the subsidy cap of 5.1 million tonnes in 2023 is actually a clear quantification of this target. This policy is, therefore, an inevitable consequence of the management of sub-optimal cotton areas.What can be changed from the policy?According to the latest data for the 2022/23 cotton year, Xinjiang's cotton production could reach 6.13 million tons, far exceeding the subsidy amount of 5.1 million tons, which could result in the following:1. Cotton supply is expected to decrease, and cotton futures may move higher. Futures contract prices are likely to exceed 16,000 yuan/MT.2. Some cotton farmers may choose to plant other crop varieties, but according to the actual situation, Xinjiang's cotton production in normal years is about 5.6 million tons, and about 10% of cotton is not subsidized. In the absence of subsidies, even if cotton is sold at 16,000 yuan/mt, it is acceptable to some cotton farmers. Therefore, the actual decline in cotton production cannot be less than 5.1 million tonnes quickly.3. For the spinning and weaving mills, when the cotton supply in Xinjiang is short, there are two ways to deal with it. One is to increase the amount of imported cotton and imported yarn, and the other is to use other fibers as raw materials. Among them, the closest to cotton is cellulose fiber, including viscose staple fiber and lyocell staple fiber.This is undoubtedly a good thing for cellulose fibers, but it should not be too aggressive. We tried to quantitatively analyze that the cotton subsidy reduction in Xinjiang is about 500kt, and the potential drop in cotton production is not expected to exceed 300kt in the short term. The reductions will be complemented by imported cotton and yarn, and the volumes eventually squeezed into other fibers may not exceed 200kt. In a potential market share of 200kt, polyester staple fiber may also get a share, and demand for cellulose fiber may be just above 100kt.ЁЯСЗЁЯП╗ЁЯСЗЁЯП╗ЁЯСЗЁЯП╗ЁЯСЗЁЯП╗https://smartinfoindia.com/hi/news-details-hindi/Shortage-center-import-amid-duty-sima-cotton-export-waive-declined
SIMA urges Center to waive import duty amid cotton shortageAs cotton shortages persist, the South Indian Mills Association (SIMA) on Tuesday urged the central government to impose an 11 per cent duty on cotton from April to October to ensure raw material security, avoid large-scale production shutdown and shortfall in exports. requested for exemption.In a statement, SIMA said cotton textile exports have declined by over 23 per cent compared to the previous year and advocated that cotton be made available to the manufacturing sector at an internationally competitive price.The Center had imposed an 11 per cent import duty on cotton in 2021-22 to protect the livelihood of Indian cotton farmers, due to which the price of domestic cotton had increased due to the import parity pricing policy adopted by the trade. Though the area under cotton has increased from 124 lakh hectare to 130 lakh hectare, the cotton crop in the current season is expected to be around 320 lakh bales.SIMA president Ravi Sam said that the price of cotton has fallen by more than 25 per cent compared to last year and more than 40 per cent cotton is yet to come in the market. Stating that farmers and traders are apprehensive of a price hike, leading to a persistent shortage of cotton, Sam said the Center should provide duty exemption for cotton."It will take three to four months for the imported cotton to reach the mill premises and hence it is necessary to remove the import duty immediately so that mills can enter into import contracts," he said. He also said that India's cotton yarn exports declined to 485 million kg during April 2022 to January 2023, as against 1185 million kg during the same period last year.ЁЯСЗЁЯП╗ЁЯСЗЁЯП╗ЁЯСЗЁЯП╗ЁЯСЗЁЯП╗https://smartinfoindia.com/hi/news-details-hindi/Head-hiked-cotton-price-spot-pakistan-naseem-usman-rate-spot
Pakistan's cotton spot price hiked by Rs 300 per head The spot rate committee of the Karachi Cotton Association (KCA) on Tuesday hiked the spot rate by Rs 300 per head and closed it at Rs 20,000 per head. Polyester fiber was available at Rs 375 per kg.The local cotton market was booming and the volume of business was satisfactory. Cotton analyst Naseem Usman told that the price of cotton in Sindh is 17 thousand to 20 thousand rupees per head. The cost of cotton in Punjab ranges from Rs 18,000 to Rs 21,000 per head.The rate of footi in Sindh ranges from Rs 5,500 to Rs 8,300 per 40 kg. The rate of footi in Punjab ranges from Rs 6,000 to Rs 8,500 per 40 kg.ЁЯСЗЁЯП╗ЁЯСЗЁЯП╗ЁЯСЗЁЯП╗ЁЯСЗЁЯП╗https://smartinfoindia.com/hi/news-details-hindi/Sensex-dollor-nifty-weakens-rupee-against-closing-market
Rupee weakens by 7 paise against dollarThis evening, the rupee closed at a level of Rs 82.04 against the dollar with a weakness of 7 paise.Sensex down 184 pointsToday the stock market closed with a fall.Today, where the Sensex closed at a level of 59727.01 points with a fall of 183.74 points.On the other hand, the Nifty closed at the level of 17660.20 points with a fall of 46.60 points.ЁЯСЗЁЯП╗ЁЯСЗЁЯП╗ЁЯСЗЁЯП╗ЁЯСЗЁЯП╗https://smartinfoindia.com/hi/news-details-hindi/Intercontinental-exchange-india%27s-cotton-export-forecast-bales-economic-cooperation-trade-agreement
India's cotton export forecast for April 2023 slashed to 1.8 million balesIndian cotton exports for 2022-23 are forecast to decline by 500,000 bales to 1.8 million in April 2023, roughly equal to its import forecast. Exports have historically exceeded imports by a significant margin, and the last time imports exceeded exports was about 20 years ago. Reduced domestic supply, increased demand for overseas long and extra-long staple grades and the Australia-India Economic Cooperation and Trade Agreement (ECTA) have supported this recent dynamic.2022-23 opening stocks and production totals are estimated to be at a 14-year low of 33.1 million bales, putting considerable pressure on exports. Also, according to the United States Department of Agriculture report, Indian spot prices relative to global prices have increased at the beginning of the year due to a tight supply of cotton, slowing shipments to major markets including China.India has recently become the largest consumer of long and extra long staple cotton. As tall and extra tall cotton is not grown adequately in the country. So the Egyptian Giza 94 and the US Pima are imported. Thus India will remain a stable source of import demand for this variety of cotton.Despite being forecast to be the third largest exporter in 2022-23 with 1.8 million bales, exports are projected to be significantly lower than the 6.2 million bales exported in 2021-22. Global ending stocks are estimated to range from 900,000 bales to close to 92.0 million, with an upward projection mostly for China, India and Brazil, the report said.The US balance sheet is comprised of higher exports and lower end stocks than last month. Estimated US season-average farm prices are forecast to be lower by 1 percent to 82 cents per pound. Global cotton prices were mostly down since last month's WASDE, with prices on the Intercontinental Exchange (ICE) at around 83 cents a pound.ЁЯСЗЁЯП╗ЁЯСЗЁЯП╗ЁЯСЗЁЯП╗ЁЯСЗЁЯП╗https://smartinfoindia.com/hi/news-details-hindi/Trading-market-slow-pakistan-cotton-usman-naseem-increase-expected-transport
Slow trading in Pakistan's cotton marketThe local cotton market was upbeat on Monday with low trading volume. Cotton analyst Naseem Usman pointed out that unavailability of transport was behind the low trading volumes. It is expected to increase further after the Eid al-Fitr holidays.He also informed that the price of cotton in Sindh ranges between Rs 17,000 to Rs 20,000 per head. The cost of cotton in Punjab ranges from Rs 18,000 to Rs 21,000 per head. The rate of footi in Sindh ranges from Rs 5,500 to Rs 8,300 per 40 kg.The rate of footi in Punjab ranges from Rs 6,000 to Rs 8,500 per 40 kg. Rahim Yar Khan sold for 5600 bales at Rs.21,000 per head (condition) and Marrot (323 bales) at Rs.19,300 per head. The spot rate remained unchanged at Rs 19,700 per head.The rate of polyester fiber was increased by Rs 2 and was available at Rs 375 per kg.ЁЯСЗЁЯП╗ЁЯСЗЁЯП╗ЁЯСЗЁЯП╗ЁЯСЗЁЯП╗https://smartinfoindia.com/hi/news-details-hindi/Dollor-against-nifty-sensex-rupee-closing-weakens-market-stock
Rupee falls against dollar, breaks 3 paiseToday, the rupee opened at a level of Rs 82.00 against the dollar with a weakness of 3 paise. On the other hand, on Monday, the rupee closed at a level of Rs 81.97 against the dollar with a weakness of 12 paise.
Rupee weakens by 12 paise against dollarThis evening, the rupee closed at a level of 81.97 against the dollar with a weakness of 12 paise.Sensex closed down by 520 pointsToday, where the Sensex closed at a level of 59910.75 points with a fall of about 520.25 points.On the other hand, the Nifty closed at a level of 17706.80 points with a fall of 121.20 points.ЁЯСЗЁЯП╗ЁЯСЗЁЯП╗ЁЯСЗЁЯП╗ЁЯСЗЁЯП╗https://smartinfoindia.com/hi/news-details-hindi/Market-review-pakistan-weekly-cotton-usmna-naseem-rate-spot-kca
Weekly Review of Pakistan Cotton MarketCotton market showed an uptrend during the last week with an improvement in the trading volumes. However, fluctuations were observed in the price of cotton in the international cotton markets. Cotton prices rose from Rs 500 to Rs 1,000 a head in the local cotton market as spinners were interested in buying good quality cotton.Naseem Usman, President of Karachi Cotton Brokers Forum, has said that the rate of cotton in the international cotton markets has remained stable. In Sindh and Punjab, cotton rates range from Rs 18,000 to Rs 21,000 per head, while footy rates range from Rs 6,500 to Rs 8,500 per 40 kg. The spot rate committee of the Karachi Cotton Association has increased the spot rate by Rs 2,00 per head and closed it at Rs 19,700 per head.
This week has been a downfall for cottonThis week, cotton prices declined in both the national and international exchange markets. In the International Cotton Exchange market, the May and December deals declined by 0.34 and 0.44 cents, respectively. While the deal price for the month of July saw an increase of 0.46 cents.On the Multi Commodity Exchange market, the prices for the months of April and June have decreased by Rs.460 and Rs.380 respectively. Cotton prices on NCDX have also declined this week. For the month of April, a decrease of Rs 51 has been registered in the cotton price.This week has been a downfall for Khal as well. On NCDX, for the three months of April, May and June, a decrease of Rs. 81, Rs. 90 and Rs. 102 has been observed respectively.If we look at the exchange market of other countries, this week can be said to be mixed. A 2 point gain on the Cotlook A Index and a gain of 400 points on the KCA spot rate has taken place this week. While the Brazilian Cotton Index and the USDA spot rate saw a decrease of 1.42 and 0.48 respectively.ЁЯСЗЁЯП╗ЁЯСЗЁЯП╗ЁЯСЗЁЯП╗ЁЯСЗЁЯП╗https://smartinfoindia.com/hi/news-details-hindi/Chapter-%2052-%20Exports-month-decreased-million-year-cotton-sis
Chapter 52- Exports in the month of March decreased by $ 313 million in 1 year From the point of view of exports, the year 2023 has been a year of decline. Chapter 52, which includes cotton, cotton vest, yarn and denim, has shocking export figures for the month of March. The total export of Chapter 52 in March 2022 was $ 958 million, which came down to just $ 645 million in March 2023. According to the research report of SIS, there is a total decrease of $ 313 million in Chapter 52 exports in March 2022 and March 2023. According to experts, this shortfall in 1 year is huge.ЁЯСЗЁЯП╗ЁЯСЗЁЯП╗ЁЯСЗЁЯП╗ЁЯСЗЁЯП╗https://smartinfoindia.com/hi/news-details-hindi/Boom-continues-market-pakistan-cotton-punjab-naseemusman-spot-rate
Pakistan's cotton market continues to boomThe local cotton market was upbeat on Friday and the trading volume was satisfactory. Cotton analyst Naseem Usman told that the price of cotton in Sindh is 17 thousand to 20 thousand rupees per head.The cost of cotton in Punjab ranges from Rs 18,000 to Rs 21,000 per head. The rate of footi in Sindh ranges from Rs 5,500 to Rs 8,300 per 40 kg. The rate of footi in Punjab ranges from Rs 6,000 to Rs 8,500 per 40 kg. Rahim Yar Khan sold for 5600 bales at Rs.21,000 per head (condition) and Marrot (323 bales) at Rs.19,300 per head.The spot rate remained unchanged at Rs 19,700 per head. Polyester fiber was available at Rs 373 per kg.ЁЯСЗЁЯП╗ЁЯСЗЁЯП╗ЁЯСЗЁЯП╗ЁЯСЗЁЯП╗https://smartinfoindia.com/hi/news-details-hindi/Good-news-increase-cotton-seed-sales-kharif-india-meteorological-department-farmers
| title | Created At | Action |
|---|---|---|
| A looks at Pakistan's cotton business | 20-04-2023 18:38:29 | view |
| Polyester companies in China under pressure from upstream and downstream sectors | 20-04-2023 01:03:41 | view |
| рдЪреАрди рдореЗрдВ рдкреЙрд▓реАрд╕реНрдЯрд░ рдХрдВрдкрдирд┐рдпрд╛рдВ рдЕрдкрд╕реНрдЯреНрд░реАрдо рдФрд░ рдбрд╛рдЙрдирд╕реНрдЯреНрд░реАрдо рд╕реЗрдХреНрдЯрд░реЛрдВ рдХреЗ рджрдмрд╛рд╡ рд╕реЗ рд╕рдВрдХрдЯ рдореЗрдВ.. | 20-04-2023 01:00:27 | view |
| Rupee weakens by 18 paise against dollarS | 19-04-2023 23:31:24 | view |
| China's new cotton subsidy policy may bring a positive impact on cellulose fiber | 19-04-2023 22:51:01 | view |
| SIMA urges Center to waive import duty amid cotton shortage | 19-04-2023 21:19:13 | view |
| Pakistan's cotton spot price hiked by Rs 300 per head | 19-04-2023 18:42:27 | view |
| Rupee weakens by 7 paise against dollars | 18-04-2023 23:36:42 | view |
| India's cotton export forecast for April 2023 slashed to 1.8 million bales | 18-04-2023 21:47:11 | view |
| Slow trading in Pakistan's cotton markets | 18-04-2023 18:41:55 | view |
| Rupee falls against dollar breaks 3 paise | 18-04-2023 16:29:11 | view |
| Rupee weakens by 12 paise against dollars | 17-04-2023 23:20:24 | view |
| Weekly Review of Pakistan Cotton Market. | 17-04-2023 19:01:51 | view |
| This week has been a downfall for cotton | 15-04-2023 19:48:00 | view |
| Chapter 52- Exports in the month of March decreased by $ 313 million in 1 year | 15-04-2023 18:50:52 | view |
| Pakistan's cotton market continues to boom | 15-04-2023 17:36:47 | view |
