Tag: Cotton

KARACHI - Historically high cotton prices are swelling the price and demand of polyester fibers, an alternative raw material. This has ensured that margins of Lotte Pakistan PTA Limited (LOTPTA) remain quite healthy. Though rising oil prices and reduced availability of Paraxylene (Px) due to problems in the Middle East, pushed spot Px prices by 18 percent since December 2010, demand from downstream polyester sector remained resilient enough to push PTA prices up by 26 percent in the

ISLAMABAD - The All Pakistan Textile Mills Association (APTMA) has offered to finance local research institutions for boosting the country's annual cotton output from 11 million bales to over 16 million bales, an official source said.
This was offered by representatives of APTMA, Gohar Ijaz and Shahzad Ahmed Khan, at the first meeting of the cotton committee. The committee is required to recommend ways for increasing cotton output. The meeting was chaired by former minister for

LAHORE - A number of challenges need to be immediately addressed for fully exploiting the potential of "white gold" and we possess the ability to increase cotton production and achieve the 15 million bales target, said Punjab Chief Minister Senior Advisor Sardar Zulfiqar Ahmed Khosa. He was addressing inaugural session of the fifth meeting of Asian Cotton Research and Development Network on Wednesday.
He inaugurated the conference on behalf of Punjab Chief Minister Shahbaz

LAHORE - Punjab Chief Minister Shahbaz Sharif will inaugurate the 5th meeting of the Asian Cotton Research and Development Network today (Wednesday) at a local hotel. According to spokesman of the Punjab Agriculture Department, the conference would continue from February 23 to 25 and attended by a large number of agricultural scientists, experts, exporters and farmers including foreign delegates from India, Iran, Turkey, Uzbekistan, China, Bangladesh, Thailand, Kazakhstan, Azerbaijan

LAHORE - All Pakistan Textile Mills Association (APTMA) Chairman Gohar Ejaz has complained of the 'engineered default' on the part of Indian cotton traders working hand in glove with government policymakers, meddling in the cotton trade and repeatedly delaying shipments of contracted cotton deals to Pakistan.
He said despite producing 32.5 million cotton bales this year, a growth of 10 percent comparing with the previous fiscal year, the Indian government has made amendments in

MUMBAI - Indian cotton prices are likely to extend last week's gains to hit a record high, lifted by strong demand from exporters to fulfil their exports obligations and as overseas markets jump, dealers said. "Exporters were very active in the spot market. Arrivals were there, but quality fibre was in short-supply," said a senior official at Gujarat State Cooperative Cotton Federation. India's cotton export deadline will expire on Feb. 25 for the remaining unshipped quantity of the

LAHORE - Pakistan Foreign Minister Shah Mahmood Qureshi, on the request of Ministry of Textile Industry and All Pakistan Textile Mills Association (APTMA), has asked the Indian government to ensure early shipment of one million cotton bales of Pakistani importers stuck up in India since last three months due to the 'doctored default' by Indian exporters, reluctant in fulfilling the contractual obligations.
Textile Minister Rana Farooq Saeed and APTMA Chairman Gohar Ejaz called on

ISLAMABAD - Foreign Minister Shah Mehmood Qureshi and his Indian counterpart on Saturday talked to each other over telephone and discussed the Pak-India dialogue, cotton export to Pakistan and other bilateral issues.
According to media reports, Qureshi made the call Krishna to discuss issues of mutual interest. The foreign minister told Krishna that India should give permission of exporting 100 million bales of cotton to Pakistan.
The Pakistani textile industry has placed

ISLAMABAD - Pakistan will address India's quantity restriction on cotton exports and will urge them to reciprocate their contractual sanctity as already shown by Pakistan on the onion exports issue.
According to official sources, Foreign Minister Shah Mehmood Qureshi provided this assurance to a delegation of All Pakistan Textile Mills Association (APTMA), led by Textile Minister Rana Farooq Saeed Khan, here on Friday. The minister said that the issue would be taken up with the

ISLAMABAD - Expressing dissatisfaction over the state of cotton research, the National Assembly Standing Committee on Agriculture on Friday directed the Ministry of Food and Agriculture (MINFA) to pursue an indigenous cotton research programme, instead of looking on the United States to help in this regard.
The meeting of the committee was held under the chairmanship of Javed Iqbal Warriach. MINFA officials briefed the committee that the government was aiming to increase cotton

LAHORE - The Pakistan Cotton Forum (PCF) has appreciated APTMA for its efforts in securing a free market for cotton trade. APTMA, by seeking timely intervention from the President of Pakistan, helped in a transfer of Rs 200 billion to the farm sector. PCF Chairman Seth Muhammad Akber expressed hope that this financial resource transfer to the farm sector would steer cotton farmers out of the devastating impact of recent floods, principally hitting the cotton growing areas.
He

ISLAMABAD: Pakistan is expected to harvest a production of 11 million bales of cotton this year despite the biblical floods. This was assessed at a meeting of the Cotton Crop Assessment Committee held under the chairmanship of Minister for Food Nazar Gondal here on Monday.
The minister stated that efforts to boost cotton production for meeting domestic and industrial demand were underway. He added that usage of certified cotton seeds and agreement with Monsanto for the

MUMBAI: Indian cotton prices may rise this week as exporters are seen ramping up purchases to ship maximum fibre to beat a mid-December government deadline, dealers said. India, the world's second biggest producer and exporter of the fibre, had allowed exports of 5.5 million bales from November 1, but it has to be shipped before December 15.
"Exporters will remain active in the spot market to fulfill their export obligations.
They are struggling to buy the required quantity

ISLAMABAD: Pakistan has raised the issue of cotton bales with India asking it to respect deals already finalised by the private sector of the two countries. This was stated by the Minister for Textiles Rana Muhammad Farooq Saeed Khan, while talking to media following a meeting of the National Assembly Standing Committee on Textiles.
He said that Pakistan has asked India to allow import of 300,000 bales of cotton for which deals had already been signed. "We have asked India not

ISLAMABAD: Pakistani traders have inked fresh contracts on new rates to import cotton from India, after Indian exporters delivered little under previous deals on lower prices, Pakistani industry officials said on Wednesday.
Textile firms in the world's third-largest cotton consumer have banked on neighbouring India to meet demand after massive summer floods damage to the domestic crop caused an estimated shortfall of approximately four million tonnes.
Pakistan's textile

LAHORE: Participants of an opinion-formation seminar have evolved consensus that ameliorating cotton productivity is essential for the economic development of Pakistan.
The seminar, held at the All Pakistan Textile Mills Association (APTMA) Punjab office, was organised by the Pakistan Cotton Forum (PCF). Punjab Secretary Agriculture Dr Arif Nadeed and Agriculture Research and Advocacy Centre (ACAC) representative Muhammad Ahsan Rana made a detailed presentation and answered

KARACHI: A farmer was hospitalised with severe burn injuries after he was allegedly set on fire by a landlord and his aides in Kot Ghulam Mohammad taluka of Mirpurkhas district on Saturday.
Thirty-year-old Roopchand Bheel, a resident of Mithi taluka in Tharparkar district had travelled to Kot Ghulam Mohammad to find work. According to Mirpurkhas Action Committee chairman and human rights activist Kanji Rano Bheel, a landlord named Mir Abdul Rehman Talpur in Rabo village, Deh 308,