1. Open-end vs. Ringspun All of the mills trying to get into that category and really trying to get market share there, he says. Open-end cotton is less expensive to produce, he says, because it goes through fewer steps than its counterpart, ringspun cotton. It s more efficient to produce and much more cost effective. So often when customers are buying and selling it s very much a price game, he says. People looking for good value tend to be drawn to 6.1 open end, Stack says. It fluctuates every single day. Having...
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2. Zimbabwe's cotton industry faces collapse: report The reason for the crisis is the prevalence of side-marketing, which sees cotton growers selling their crops to unregistered dealers instead of those they were contracted to produce for, the paper said. So serious is the situation that the managing director of a cotton seed company has warned there could be no cotton next year, the official Herald newspaper reported. Side-marketing of essential crops like cotton and maize is common in Zimbabwe, as growers battle with soaring inflation now...
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3. Low prospects of textile expansion: SBP In its special report in the third quarter (Jan to Mar 2007) review of the economy, the central bank said: Since the major input of the textile industry is cotton, which heavily depends on the vagaries of nature, the overall performance of export remains uncertain. In its special report in the third quarter (Jan to Mar 2007) review of the economy, the central bank said: Since the major input of the textile industry is cotton, which heavily depends on the vagaries of nature, the overall...
Source • The News International,Pakistan •
4. Venezuela regulates exports of farming products Also listed are milk and cream -not concentrated, sugarless or without sweetener added-, powder milk, evaporated milk, condensed milk and yogurt. Venezuela is implementing a so-called certificate of fulfillment of domestic demand intended to regulate exports of domestic inputs, goods and produces. Venezuela regulates exports of farming products. This certificate will be required for exports of beef and pork -fresh, refrigerated or frozen- poultry and edible poultry offal. Any agreements...
Source • El Universal,Venezuela •
5. Rising rupee bruising India's commodity exports But it has also risen as investors sold dollars for the local unit to tide over a squeeze in the money market intended to trim price pressures in the economy. NEW DELHI (Reuters) - Indian exporters of major farm commodities, including rice, soymeal, sugar and cotton, are being hit by a rising rupee, and traders urged the government to intervene to protect their margins. A spokesman for India's trade minister said last week he had written to the prime minister seeking measures to limit the...
Source • Reuters India,India •
6. Tariff on textile products may be cut He said the government s recent decision to allow import of long staple cotton from India through land routes would also be helpful in meeting cotton shortfall and enhance exports. The minister said the textile industry would be provided with a level-playing field through zero rated exports in the coming budget, adding that the industry was at present 30 per cent under-utilised and could not earn profits unless interest payments were relaxed. For example, duty on polyester staple was...
Source • Pakistan Dawn,Pakistan •
7. Oilseeds area set to grow on prices, exports Oilseeds area set to grow on prices, exports May 21, 2007 By Hari Ramachandran NEW DELHI (Reuters) - The area under winter-harvested oilseeds in India, a leading vegetable oil importer, may expand on the back of good oilmeal exports, but timely monsoon rains will hold the key, traders said on Monday. Oilseeds area set to grow on prices, exports May 21, 2007 By Hari Ramachandran NEW DELHI (Reuters) - The area under winter-harvested oilseeds in India, a leading vegetable oil importer, may...
Source • NDTV.com,India •
8. India's cotton promotion draws global support CCI, the US-based apex body for promoting cotton worldwide, has come out with support for India's campaign against the increasing use of manmade fibres. But cotton traders say India's market share of cotton is coming down because of stiff competition from manmade fibers. CCI in collaboration with apex cotton associations is organizing awareness programmes across India about cotton and the need to check the growing market share of man-made fibre. CCI serves as the central forum for...
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9. PIP in the garment sector The other seminar, which ran through five days in Dhaka beginning from the day, was on "improvement of production management skill for the garments industry" These two seminars ahead of 2008, after which the safeguard restrictions on Chinese textiles in the European Union (EU) and the USA will go, might have helped in creating the necessary awareness in this country among the relevant people about why and how they should go ahead, well in advance, for preparing themselves reliably to...
Source • 5/25/2007 •
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