Global Cotton Price Is Revised Again Due To Increased Cotton Production.

It is understood that due to the growing tension between Pakistan and India, Pakistan is currently suspending imports of cotton and other agricultural products from India.

According to local reports, officials from the Department of Plant Protection (DPP) of Pakistan said that India's agricultural products were imported to Pakistan via Wagah pit checkpoints and Karachi ports, and the future import licenses have been stopped.

Cotton importers and

The clearing agent claimed that the import ban was released without warning or written order because of the tense relationship between the Line of Control (LoC) between the two countries.

However, DPP President Imran Shami told local media that the import of cotton has not stopped completely because the cotton exporters in India do not comply with biosecurity regulations.

Shami said that DPP is investigating these reports. If our concerns are proved wrong, the restrictions on cotton imports will be abolished. It is added that only cotton goods are allowed to enter Pakistan through land or sea routes. Importers have already obtained permits and carried out phytosanitary certificates.

Concern is the suspension of imports from India.

Exporters of textiles that will lead to Pakistan

Shortages and rising domestic prices.

A recent report by the International Cotton Advisory Committee (ICAC) pointed out that Pakistan's cotton production is expected to rise by 26% to 1 million 900 thousand tons in the year of 2016/17, due to the increase in global average production due to preventive measures against red bollworm.

However, it also pointed out that the use of cotton in Pakistan textile mill is expected to increase from 23 thousand tons to 2 million 300 thousand tons, assuming that the energy situation of the country has improved.

In July (2016), the export volume of Pakistan yarn fell to 102 million 650 thousand US dollars, while that of (2015) was 117 million 500 thousand US dollars in the same period.

In August, shipments dropped to $114 million 730 thousand from $137 million 630 thousand a year ago.

The export of cotton cloth in July and August decreased to US $155 million 600 thousand and US $196 million 550 thousand in the year of 2016, compared with 168 million 710 thousand US dollars and 198 million 330 thousand US dollars in the same period (2015).

Related links:

According to the statistics of Vietnam textile and Apparel Association, the export volume of Vietnamese clothing and textiles in 2016 is expected to reach US $28 billion 500 million, which will achieve 92% of the target set for the whole year. China is still the largest export market of Vietnamese garment textiles, and exports to China account for more than 50% of the total export volume of the industry.

In addition, the export of textiles to the United States increased by 4%, with an estimated export volume of US $11 billion 400 million. The EU, Japan, India, Brazil, Russia and Canada are the important export markets for Vietnamese textiles.

The Association believes that the global market demand weakened in 2016 and the competition intensified by foreign garment manufacturers, resulting in a reduction in the number of orders, resulting in Vietnam textile exports less revenue in 2016, the more part of the domestic textile enterprises encounter customer demand 18-30% price.

The Association believes that global demand is still weak next year, and the competition between textiles and major textile exporters such as China, India, Bangladesh and Pakistan will be more intense.

Britain's anti EU and US President-elect Trump opposed TPP will also have a negative impact on the export of Vietnamese textiles to Europe and the United States. Vietnam's textile export situation in 2017 is not optimistic. It is expected that the industry will grow at 5-7% next year.

For more information, please pay attention to the world clothing shoes and hats net report.