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China to issue extra cotton import quotas around April -trade
Reuters – China, the world’s top consumer of cotton, will issue extra cotton import quotas to textile mills by around April, trade sources said on Friday. The market expects Beijing to allocate as much
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Prices firm on cotton market
Cotton market recovered early losses on Thursday amid rallies and protests by textile and other sectors calling for removal of withholding tax, dealers said. The official spot rate remained unchanged at Rs 6,750, they
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Cotton prices: no abatement
Though the domestic textile industry is mired in problems and procedures pertaining to the recent withholding and sales taxes imposed, inter alia, also on the textile industry, lint prices have become firmer even as
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Cotton soars as textile mills jump in
Cotton fortified its status as the best-performing commodity of 2013, rising to an 11-month high on the back of strong demand. New York futures have gained 20.6 per cent this year, outpacing other rising
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Cotton and Wool Outlook Report: March 12, 2013
U.S. Net Textile and Apparel Imports Decline in 2012 U.S. net textile and apparel fiber imports decreased once again in calendar year 2012 as a result of the continued sluggish U.S. economy. Total fiber
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India: Cotton body against using inventory to control prices
MUMBAI, MARCH 12: Cotton Association of India (CAI) has urged the Cotton Corporation of India (CCI) not to use its inventory for controlling prices in the market. “The CCI should not support the private
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USDA cuts global cotton stock estimate on higher demand
* USDA raises U.S. export forecast * China ending stocks seen increasing by 1.5 million bales * Fiber futures post small gains (New throughout, adds report details; updates prices) By Chris Prentice NEW YORK,
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India: Textile industry wants Govt to release procured cotton to stabilise prices
NEW DELHI, MARCH 5: Worried over rising cotton prices, the Confederation of Indian Textile Industry (CITI) has urged the Government to release the fibre commodity procured by various agencies under the minimum support price
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Pakistan: No trading at cotton market
KARACHI: No trading of cotton was witnessed at the domestic market on Monday after spinning mill-owners refused to pay higher price for the commodity, a dealer said. Ginners were demanding much higher prices for
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Pakistan: Textile group implicated in tax fraud
LAHORE: The Intelligence and Investigation of Inland Revenue (I&I IR) of the Federal Board of Revenue (FBR) unearthed a tax fraud by a leading textile group, which was using benami accounts to evade sales
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Textile exports tilted towards few economies
LAHORE: Exports of Pakistani textiles are vulnerable to a few world economies. The country exports 70 percent of its cotton yarn to China and Hong Kong, while United States and European Union account for
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Pakistan: Government sets 6% higher cotton production target
ISLAMABAD: The government has set the cotton production target at 14.1 million bales for next season 2013-14, which is 5.75% more than the current year’s anticipated output. For this season, the government had originally set
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Budget 2013: Scrapping of excise duty on cotton, spun yarn big positive for textile industry
Measure The Union Budget has proposed to do away withexcise duty on cotton and manmade sector (spun yarn) at the yarn, fabric and garment stages. Impact This should be a big positive mainly for garment-manufacturing companies. The industry
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India likely to cancel Pakistani cotton import orders
KARACHI: India is likely to cancel Pakistani cotton import orders after the commodity’s price surged significantly from the rate at which the two countries have agreed upon, a broker said on Wednesday. “India would
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Pakistan: Trading remains bullish at cotton market
KARACHI: Lint trading remained bullish with fine lint in focus amid firm spot rate, traders at the Karachi Cotton Association (KCA) said on Tuesday. In Punjab stations spinners made deals for fine and other
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India: Cotton likely to dip by Rs 500 a candy
RAJKOT, FEB 25: As demand dropped after a recent hike, cotton declined by about Rs 200 a candy on Monday. However, kapas price remained strong due to low arrivals. According to traders, cotton price
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USDA issues world, U.S. cotton outlook
EDITOR’S NOTE — The following information was compiled by James Johnson, James Kiawu, Stephen MacDonald, Leslie Meyer and Carol Skelly of the United States Department of Agriculture and presented at the agency’s Outlook Conference.
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Cotton market: spot rate higher on tight supply
Official sport rate picked up on the cotton market on Friday as ginners held back fine type on expectations of further rise in prices, dealers said. The official spot rate gained Rs 50 to
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USDA-Weekly Cotton Market Review: February 22, 2013
Average spot cotton quotations averaged 79 points higher than the previous week, according to the USDA, Agricultural Marketing Service’s Cotton Program. Quotations for the base quality of cotton (color 41, leaf 4, staple 34,
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Pakistan: Country receives 6.7% more cotton bales
KARACHI: The country received 12.6 million bales till the fortnight that ended on February 15, 2013, which is 800,000 cotton bales or 6.77 percent more as compared with 11.8 million bales during the same
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