Global Cotton And Textile Trade Environment Distress

The total quantity of seed cotton arrived at about 11 million bales. Last year, Pakistan produced 11 million 334 thousand bales of cotton.

The planting began at the beginning of this month.

Last year, about 600 thousand bales of cotton were produced locally, and the local output will increase to 100-150 packages this year.

Because this year the farmers' local selling price has increased to 2.200 rupees / 40 kilograms.

The arrival time may start in early July, but now farmers may get lower prices than last year because of global and domestic prices.

The environment is not good.

India expanded its Bt hybrid cotton production to 80% of the country's cotton planting area of 9 million 400 thousand hectares. In six years, the output increased from 15 million 750 thousand to 31 million 500 thousand bags (170 kg).

The output of Pakistan to 2015 should be increased to 20 million bales (170 kg) to meet domestic demand while exporting 150-200 million bales.

Output has reached 14 million 300 thousand bales.

The existing spinning ability can digest 16 million packs, and it may increase to 1800-1850 packages.

Stable at 3200-3400 rupees / maund (cotton processing factory ex factory price).

Last weekend, the world crude oil prices in New York dropped from 40 cents to 36 dollars per barrel, and cotton prices in New York also dropped 10.4 cents to 45.03 cents / pounds.

In particular, India's Shanker-6 cotton fell to 54.0-55.0 cents / pound, F.O.B Mumbai / Kandla, and Pakistan's export competitiveness of cotton was weakened.

Domestic cotton mills have received about 1 million 200 thousand packs (170 kilograms) of cotton, and they are now interested in importing India and American cotton.

Worry about exports.

African countries have a surplus of cotton. They say they are interested in meeting directly with Bangladesh's spinning mills and buyers.

They sent a 21 member delegation to Bangladesh.

Bangladesh is the world's third largest cotton importing country. It imports about 3000000 bales of cotton throughout the year, and is also the third largest textile producing country in the world.

Bangladesh has an annual foreign exchange earnings of US $11 million.

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But global

It is also affecting China.

In January 09, China's exports decreased by 17.4%, imports decreased by 43%, and the trade surplus of that month reached US $39 billion 100 million, the third largest trade surplus in Chinese history.

Last November, China announced a stimulus package to invest about $586 billion in its economy, expanding the consumption base of domestic consumers and reducing dependence on exports.

Interestingly enough, China imports $1 trillion of raw materials annually, of which 50% is used to produce export products.

The planting area may be reduced to 8 million 100 thousand acres, the smallest cotton planting area in 25 years.

As a result, the world cotton consumption estimated in February 09 was about 112 million 630 thousand packs, down 8.7% from the 123 million 400 thousand package of last year, the biggest decline since 1937-38 years.

A few days ago, the United States passed a stimulus plan of US $787 billion.

The financial and economic downturn in the US and EU countries has not shown signs of improvement.

The recession, which originated in the US, will end in the US first, but this crisis spread to Asian countries later and ended in Asian countries.

This crisis will have at least one negative impact on the economy and the people of Pakistan for a year.

The economic environment will continue to deteriorate, and everyone will feel that the economic crisis has brought them not only labor pains but also strong shocks.