Pakistan's appetite is big, American cotton exports blowout - Textile information - Textile net - Textile integrated service provider

By the recent rain sparked concern about the quality of the crop, and the influence of the crop yield may be lower than expected, Pakistan's recent foreign cotton especially American cotton imports increased significantly. It is reported that Pakistan industry expects Pakistan cotton output of 2. 04 million tons this year, lower than previously forecast 2. 14 million tons, domestic textile mill finished 40 - purchasing plan only 50%. Due to the high temperature weather in October may cause serious influence to the quality of the crop, textile mills were forced to look for high quality cotton from the international market. Since the end of October, Pakistan signings of American cotton is expanding fast, a week in the United States this year and next year's signings remain in 1. Around 50000 tons, the recent imports nearly 120000 tons. 3 - November 9, a week, the American land cotton swabs estimates more than 110000 tons, including 6. 60000 tons from Pakistan, accounted for more than half. This paragraph of time the cotton export maintained rapid growth momentum, and Pakistan. Last week, On November 4 10). , affected by the market strong demand and shortage of high quality cotton, cotton prices continued to rebound in Pakistan. According to statistics, since the beginning of September, Pakistan's low cotton prices from 5900 rupees/ji soared to 6600 rupees/ji, up 12%. Strongly urge the industry in Pakistan, the Pakistani government is expected to cancel 4% of the cotton import tariffs and sales tax of 5% cotton. At the same time, according to India's other non-tariff restrictions (cotton and Brazil cotton Currently only allows in imported by May 30, 2017) Has made the domestic cotton prices soaring. In the northern hemisphere cotton substantial public, international cotton prices continued to fall, with strong domestic demand, this year's Pakistan cotton imports will soar again, American cotton and cotton in India are textile priority.