A pick-up in global cotton consumption and tighter global stocks outside China means lower-than-expected production in the United States could easily revive prices, the head of Allenberg Cotton, the world's largest cotton merchant, said on Thursday. Tight available supplies worldwide means a change of just half a million bales, either in reduced production or increased exports, could cut stock levels to the second lowest in history, said Anthony Tancredi, Allenberg Cotton's chief executive.

(India set to be world's largest cotton producer by 2022) India is projected to replace China as the world's largest cotton producer by 2022 on account of higher growth in output over the next decade, according to OECD-FAO report. "China's cotton production is expected to decline 17 per cent while production in India is projected to increase 25 per cent, positioning it as the world's largest producer," the Organisation for Economic Co-operation and Development ( OECD) and Food and Agricul

Ecuador's crude-oil export revenue totaled $987 million in April, down 15% from March, the country's central bank said.In terms of volume, Ecuador exported 10.31 million barrels of crude oil in April, a 13.6% decrease from the previous month.Crude oil is Ecuador's main export. The Andean country exports its crude oil primarily to Asia, the U.S., and the Caribbean. The average price of crude oil in April decreased 2%, to $95.80 a barrel from $97.70 a barrel reported the previous month. All the oi

The country’s textile sector having enjoyed the government’s sympathy for the longest time has emerged as a leading exporter and one of the major employers in the country. The sector’s importance in any federal budget therefore cannot be ignored, said analysts at InvestCap Research. They said FBR had replaced the zero-rating regime for the textile industry with a 2% value added tax for the textile value chain, both for registered and unregistered entities. The refunds, under the scheme, woul

The Rajasthan Cotton Fab, an exhibition of handlooms and handicrafts from all over India being held at the Kandamkulam Jubilee Hall here, is offering a golden opportunity for the shopaholics in the city to choose from a wide variety of products such as kantha sarees, khadi sarees, chanderi silk cotton sarees, gagra choli and dhabu block-printed saree. What makes this 17-day exhibition that commenced on May 31 different is that it features the variety of the ethnic Indian fabric. The exhibition

Ministry of textile witnessed 27 per cent growth in cotton production of SindhThe production of cotton in Sindh scaled up notably by 725,468 million bales or 27 percent, i.e., from 2.68 million bales to 3.4 million bales in the current fiscal year 2013.According to grower this increase is due to use of Bacillus thuringiensis (Bt) seeds. “The use of Bt cotton seeds helped the province to produce higher quantity of cotton this year,” said Ramzan Chandio, a cotton grower in Mirpur Khas. An official

China, the world's largest second-largest cotton importer, has sold 2.5 million tonnes of the fibre from state reserves so far in the current marketing year, a trade body said on Friday, as it looks to offload close to half its swollen stockpiles. Beijing, which has amassed some 10 million tonnes of cotton stocks under a controversial policy to support farmers, has said it would sell a total of 4.5 million tonnes by the end of July. Although traders had feared the inflow of state stocks could

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the 7,000 bales on offer in the South Island saw firm to dearer prices locally mainly due to the weaker New Zealand dollar compared to last sale on 30th May. Additionally, the inter-Island wool variation with the South Island types which are better grown this season compared to their North Island counterparts, has added extra pressure on these limited volumes with 90 percent sold. The weighted i

India's apparel exports fell 5.76 percent to $12.92 billion in 2012-13 due to the slowdown in Europe and the US. The recent fall of the rupee against the dollar has brought more smiles to the faces of India's apparel exporters who have been upbeat over rising consumer confidence in the US, one of the major export destinations. India's apparel exports fell 5.76 percent to $12.92 billion in 2012-13 due to the slowdown in Europe and the US, which together account for more than 65 percent of Ind

Weavers and textile processors in Surat are looking forward to an increase in consumption of man-made fibre (MMF) in the domestic market at a compounded annual growth rate of 5.2 per cent till 2015-16. A recent industry research report says that factors like rise in disposable income, growing consumer class, rising urbanization, increasing retail penetration and limited supply of cotton is set to increase the share of MMFs like polyester and viscose in the market in the next four years. The s