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Bangladesh Textile Mills Association demands temporary ban on import of cotton yarnThe Bangladesh Textile Mills Association (BTMA) has urged a temporary halt to imports of cotton yarn used in the country's readymade garment industry to retain foreign exchange and boost apparel value addition amid a dollar crunch.In a letter to the Bangladesh Bank governor on 3 April, BTMA president Mohammad Ali Khokon outlined the proposal, which he argues will reduce their competitiveness in global markets. BTMA claims that around 510 local spinning mills, with a production capacity of 3600 million kg of cotton yarn, can meet 70% of the demand of the export-oriented apparel industry. He also mentioned that "if locally produced cotton yarn is sourced or used, the value addition would be up to 60% as against 30% value addition for imported ones."Bangladesh 100% EnabledKhokon urged the central bank governor to take measures to prevent back-to-back letters of credit (LC) for cotton yarn imports, adding that Bangladesh is 100% capable of producing cotton yarn. According to BTMA, Bangladesh is expected to import 0.543 million tonnes of cotton yarn in 2022, up from 0.297 million tonnes in 2019. which sources most of its yarn and fabric domestically, has expressed reservations about any restrictions on imports.BKMEA protestedBangladesh Knitwear Manufacturers and Exporters Association (BKMEA), working president Mohd Hatem opposed the BTMA's plea saying there should be no ban as local spinners cannot meet the entire demand of the export sector for yarn and fabric. As a result, he said, apparel exporters have to import yarn and fabric, while buyers sometimes nominate essential raw materials from abroad, especially China. "We usually import spun or combed cotton yarn from local spinning mills, even though the difference in prices is 30 to 50 cents per kilogram," said Mohammad Hatem.need to maintain competitionIf the gap is bridged, exporters source locally to meet immediate shipment deadlines, it takes a week to get raw material from local sources while imports take 30-45 days, he said. It seems "We import the rest which is normal and cannot be restricted in a free market economy and to maintain competition," he said.here comes the differenceThe government in January this year allowed the country's apparel exporters to import yarn from India in partial shipments through Benapole, Bhomra, Sonamsjid and Banglabandha land ports amid protests from BTMA. RMG exporters could earlier import yarn through Benapole land port under bonded warehouse facility but they were not allowed to make part shipments.Understand like this-In the last financial year, Bangladesh received US$ 42.61 billion from RMG exports, of which US$ 23.21 billion and US$ 19.39 billion came from knitwear and woven goods, respectively. According to BTMA, textile mills meet 80% and 35%-40% of the knitwear and woven sectors' yarn and fabric demand. Data from the central bank showed that value addition in the sector declined to 54.38% in the last fiscal from 64.32% in fiscal 2019, mainly due to higher imports of raw materials.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Due-cotton-market-demand-farmers-international-market-increased-market-prices

Market price of cotton: Due to increase in demand of cotton in the international market, the price increased, farmers are happy With the price of cotton rising up to Rs 1,000 per quintal in the past few days, farmers have started bringing cotton in large quantities to the market for sale.Maharashtra: There is a good news for the farmers. The price of cotton has increased from Rs 700 to Rs 1000 per quintal. Most of the farmers in Dhule district were keeping their cotton at home. For the last four months, the price of cotton has not gone above Rs.8,000. Farmers expected cotton prices to go up to Rs 10,000 per quintal. But the farmers were disappointed because the prices did not increase. But now for the last few days the demand for cotton has increased in the international market and prices are getting good. Due to the increase in the price of cotton in the international market, the domestic cotton market has also increased.With the price of cotton rising up to Rs 1,000 per quintal in the past few days, farmers have started bringing cotton in large quantities to the market for sale. At present, the price of cotton is above eight thousand quintals. Farmers are hopeful that these rates will increase further. Because farmers have kept cotton around for so long. There is a modest expectation of farmers that they should get good remuneration.In Dhule district, the temperature has reached 40 degree Celsius. Along with this, despite being the month of Ramzan, the farmers have also expressed displeasure over not getting good price for watermelon. Watermelon producing farmers are in trouble as the price of watermelon is not above Rs.7 per kg. The same watermelon customers have to buy at the rate of Rs 15 to 25 per kg. There is a difference of two to three times in the per kg price between the farmers and the consumers.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Market-cotton-pakistan-review-weekly-trading-international-growing-naseemusman

Weekly Review of Pakistan Cotton MarketCotton rates held steady last week amid improvement in trading activities, though there was volatility in the international cotton markets. The spot rate committee of the Karachi Cotton Association increased the spot rate by Rs 600 per head and closed it at Rs 19,300 per head. Naseem Usman, president of the Karachi Cotton Brokers Forum, said that cotton prices were volatile in the international cotton market.  Cotton sowing has partially started in many cotton growing areas of Sindh province. The price of cotton in Sindh ranges between Rs 17,000 to Rs 20,000 per head. The rate of footi is 6 thousand to 8 thousand rupees per 40 kg. The rate of cotton in Punjab is Rs 18,000 to Rs 20,000 per head, while the rate of futi is Rs 6,500 to Rs 8,400 per 40 kg. However, the prices of khal, banola and oil remained stable.

Pink bollworm management a big challenge: Cotton expertsTwo day Annual Group Meeting 2022-23 on Cotton inaugurated at PAUThere is a need to accelerate the process of development of cotton varieties, especially in cotton hybridization program focusing on Bt genes, larger boll size, resistance to diseases and mechanical harvesting. This was stated by Dr. TR Sharma, Deputy Director General, Crop Science, Punjab Agricultural University (PAU).The Indian Council of Agricultural Research (ICAR) inaugurated the two-day Annual Group Meeting 2022-23 of the All India Coordinated Research Project on Cotton (AICRP) at Punjab Agricultural University (PAU). Agriculture experts from PAU along with representatives from various State Agricultural Universities and ICAR Institutes participated in the inaugural session.Describing the universities as an important medium for releasing technology to the farmers, the ICAR expert stressed on increasing the income of the farmers through cotton lint or edible oilseeds. Dr Sharma said, “Since its introduction in 2002, Bt cotton has been playing a very important role and efforts need to be made to popularize Bt cotton varieties/hybrids and develop technologies for cotton improvement. Needed." Pointing out the issue of low cotton production and productivity, Dr. Sharma assured to release some varieties for High Density Planting System (HDPS).Former chairman of the Agricultural Scientists Recruitment Board, Dr. CD Mayi, who worked in PAU 50 years ago, stressed the need for private companies to be associated with universities for the development of Bt cotton hybrids. Calling for addressing the problem of waterlogging in cotton cultivation, he said, "In North India cotton is suffering due to excess water, while in South India it is suffering due to less water." Impressing the development of HDPS hybrids of cotton, Dr. Mayi reiterated the need for integration of public-private partnership in this direction.Director, ICAR-Central Institute for Research on Cotton Technology, Mumbai, Dr. S.K. Shukla also expressed concern over the difficulties faced during cotton harvesting and called upon the breeders to come up with HDPS hybrids as a solution. Dr. Shukla also discussed in detail the quality of cotton fiber and the parameters being adopted by the spinning industry.Informing about the provision of 33 per cent seed subsidy to the cotton growers of Punjab in the current crop season, he said that the intervention of Bt cotton is a big success. Although the whitefly wreaked havoc on cotton growers in 2015, the pest was successfully controlled through the collective efforts of researchers, extension workers and administrators.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Domestic-cotton-production-pakistan-decade%20low-textile-production-export-clothing

Domestic cotton production in Pakistan at four-decade low Cotton crop is down a whopping 34 per cent this year from 7.44 million bales last year, mainly due to devastating summer floods in Sindh and southern Punjab, where this industrial crop is mostly grown. Production in Pakistan has come down to a four-decade low of 4.9 million bales in 2023. According to Pakistan-based Dawn, this has added to the country's deep economic crisis.Cotton production in Pakistan's Sindh has decreased by 46 per cent, with Punjab recording a decline of 32 per cent, forcing the textile industry to import large quantities. According to Dawn, several factors are responsible for the poor cotton harvest year after year, ranging from pests and diseases, erratic weather patterns and water scarcity to poor seed quality, low yield per acre and large reduction in area under cultivation Is.Textiles and clothing exports have suffered significantly over the past decade, with average annual production coming in at almost half of what the textile industry actually needs. Besides, the import of cotton, which is a major driver of the economy, is adding to our balance of payments problem.Textile exports fell by nearly a third during the first eight months of the current fiscal due to a slump in global demand and local fiber shortages. The industry has invested billions of dollars in technology replacement by spinners, its future competitiveness largely dependent on the increased availability of domestic cotton. After touching a high of 11.1 million bales in 2004-05, the economy is facing several challenges due to a steady decline in production over the past few decades.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Rises-pakistan-spot-rate-cotton-maund-karachi-cotton-association-committee-increased

Pakistan's cotton spot price rises by Rs 300 per maund The spot rate committee of the Karachi Cotton Association (KCA) on Thursday increased the spot rate by Rs 3,00 per head and closed it at Rs 19,300 per head. The local cotton market remained stable and there was a slight improvement in the trading volume. Cotton analyst Naseem Usman told that the price of cotton in Sindh is 17 thousand to 20 thousand rupees per head.  The rate of cotton in Punjab is Rs 18,000 to Rs 20,000 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. Dherki in 1200 bales was sold at Rs.20,000 per head, Rahim Yar Khan in 1001 bales at Rs.18,500 to Rs.19,800 per head, Multan in 100 bales at Rs.19,350 per head and Haroonabad in 400 bales at Rs.19,000 per head.The spot rate committee of the Karachi Cotton Association (KCA) increased the spot rate by Rs 3,00 per head and closed it at Rs 19,300 per head. Polyester fiber was available at Rs 373 per kg.

Cluster idea for cotton and food sector in KhargoneThe District Industries and Trade Center (DITC) has identified about 14 hectares in Khargone to develop a cluster for small and medium-sized industries. DITC is considering to develop industrial area in Khargone district for food and cotton sector. Khargone district already has six Government Industrial Areas including Nimrani, Khargone, Bikangaon and Barwah.Kailash Agarwal, president of the Madhya Pradesh Association of Cotton Processors and Traders, said, “This is the cotton belt of the state and is home to hundreds of ginners and cotton-related industries. Local industries are looking for areas that have basic amenities and help from the government to expand operations so that they can compete with other states.Atmaram Soni, general manager of Khargone DITC, said, “We have seen the land and have started the process of transfer. We are in talks with some industrialists and associations to set up factories in Khargone district for manufacturing food related items. “Upon completing the official formalities, we are planning to develop small plots for bakeries, toast and other food items manufacturers in the cluster. Another cluster planned on the new land would be for cotton ginning units,” said Soni.The Ministry of Micro, Small and Medium Enterprises is also developing a food park at Sanawad in about 9 hectares, the cluster is expected to have about 70 industrial plots for SMEs. The estimated cost of development of food cluster at Sanawad is around Rs 10 crore. Industry associations and local industries have urged the MSME department to develop industrial land for micro and small scale industries.

Telangana emerges as the third largest cotton producer in IndiaTelangana state government's measures to boost cotton production have yielded positive results as the state has emerged as the top cotton producer in South India and third largest in the country after Gujarat and Maharashtra. In 2020-21, Telangana produced 57.97 lakh bales of cotton, and in 2021-22, it produced 48.78 lakh bales of cotton.Apart from production, Telangana was also the second leading state in terms of labor rate paid to cotton workers. Telangana pays Rs 98.36 per hour, while Kerala pays Rs 117.88 per hour. In contrast, states like Gujarat and Karnataka pay Rs 35.16 and Rs 49.35, respectively.Responding to a question by BRS MP Manne Srinivasa Reddy, Union Minister of State for Textiles Darshana Zardosh said in the Lok Sabha on Wednesday that India is a pure cotton exporting country, where production is more than consumption. Keeping in view the interests of the entire cotton value chain including cotton farmers, the Central Government has put cotton exports under Open General License (OGL).The Union Minister said that the Ministry of Agriculture through ICAR-CICR, Nagpur has developed a master plan titled 'Targeted technologies for agro-ecological zones-Large scale demonstration of best practices for increasing cotton productivity' and for 41.87 crore has been sanctioned. The project aims to target technologies such as High Density Planting System (HDPS), close spacing and production techniques for ELS cotton approved by the Department of Agriculture and Farmers Welfare (DoA&FW).The Central Government has also issued a Quality Control Order (QCO) on February 28, 2023 for mandatory certification of cotton bales to increase the supply of good quality cotton.

Rupee strengthened by 33 paise against dollarThe rupee strengthened by 33 paise to close at Rs 82.00 against the dollar this evening.Sensex up 583 pointsToday the stock market closed with a boom.Today, where the Sensex closed at a level of 59689.31 points with a gain of about 582.87 points.On the other hand, the Nifty closed at the level of 17557.00 points with a gain of 159.00 points.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Strong-trend-continues-market-import-intrenational-pakistan-cotton-ginner-association

Strong trend continues in Pakistan's cotton market The local cotton market remained stable on Tuesday with a marginal improvement in the trading volume. Cotton analyst Naseem Usman told that the price of cotton in Sindh is 17 thousand to 20 thousand rupees per head. The rate of cotton in Punjab is Rs 18,000 to Rs 20,000 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.Data collected by the Pakistan Cotton Ginners' Association (PCGA) shows that Pakistan produced 4,912,069 bales of cotton as against 7,441,833 in the 2021-22 season, up 2,528,764 bales or 34 per cent year-on-year, as of March 31, 2023. Losses decline.The reduced production would eventually lead the textile industry to import around 10 million bales. Mill consumption in the year 2022-23 is also recorded at 8.8m bales, the lowest in 20 years, mainly due to severe import financing issues.There are reports that textile mills have signed import agreements for 5.5 million bales so far, while they have procured 4,605,449 bales from the local market. Last year, mills had procured 7,332,000 bales from the domestic market. According to ginners, they still have a stock of 301,720 bales as against last year's 93,833 bales.Interestingly, despite strong demand in the international markets, only 4,900 bales of white lint could be exported this year as against last year's figure of 11,000 bales, a drop of over 69 per cent. Province-wise, Punjab reported a year-on-year decline of over 32 per cent in production as it produced 3,033,050 bales this season as against 3,928,690 bales in the previous season.The spot rate remained unchanged at Rs 19,000 per head. The rate of polyester fiber was increased by Rs 10 and was available at Rs 373 per kg.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Tajikisan-bci-sustainable-cotton-production-mou

BCI signs MoU with Tajikistan to support sustainable cotton productionThe Better Cotton Initiative (BCI) has signed a memorandum of understanding with the Ministry of Agriculture of Tajikistan to further support the production of more sustainable cotton across the Central Asian country. The MoU was signed at the recently held Tajikistan Investment and Development Forum in London by Better Cotton Director, Rebecca Owen, and Tajikistan's Minister of Agriculture, HE Qurban Khakimzoda.It establishes that Better Cotton and the Ministry will develop a strategic roadmap for more sustainable cotton production in Tajikistan in accordance with the Better Cotton Standards System, taking into account the requirements of the global market. It aims to prioritize the expansion of more sustainable cotton production with a focus on both environmental and social consequences. In particular, improvement in cotton fiber quality, farmer welfare and overall agricultural sustainability are in scope.Based on the collaboration, both sides will conduct nationwide outreach and awareness activities to promote the benefits of more sustainable growing practices, while adopting practical innovations will be explored to determine how domestic farmers can improve . The organization says that fundamental to this change will be the availability and allocation of financial resources. To this end, Better Cotton states that it will work with the ministry to identify new sources of funding and investment that can unlock new opportunities in the country's cotton sector.Rebecca Owen, said: "This MoU will create opportunities to improve livelihoods, welfare and market access for cotton farming communities." Better Cotton says its program in Tajikistan has already shown results. In the 2019-2020 cotton season, synthetic fertilizer use among improved cotton farmers was 62% lower than comparison farmers, while yields were 15% higher.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Hiked-pakistan-spot-rate-cotton-head-kca-closed-committee-market