| Pakistan : Spinners seek reservations in EU package (October 26, 10)|
More reservations have been demanded, by the textile spinning sector, for the trade concession package that has been recently announced by the European Union (EU). It has asked the Federal Ministry of Trade and Commerce to announce its future yarn export policy before implementing the package.
| India : Decision to export cotton strongly condemnable – expert (October 26, 10)|
A sharp surge in the cotton prices is becoming a cause of concern for the garment and yarn producers for the textile sector in the country and have firmly condemned the Central Government’s move of permitting cotton exports to the tune of five and a half million bales (1 bale = 170 kg).
| India : Exports in Sept rise 23% on base effect, higher prices (October 26, 10)|
Exports in September grew by 23.2 per cent over the same month last year to $18.02 billion.
| India : Govt mulls ways to rein in spiralling yarn prices (October 26, 10)|
After failing to control cotton prices, the Central government now wants check yarn prices. Measures under consideration include introducing a new tariff line for yarn and imposing a count-wise duty on exported yarn. The Group of Ministers constituted for cotton and yarn is expected to take a decision this week, said an official in the ministry of textiles. “We will also collect count-wise yarn export data to find out whether the problem is limited to the finer counts or is more general,” he added.
| Faisalabad : Rising trend continues on yarn, cotton markets (October 25, 10)|
Yarn rates continuously increase due to shortage of yarn and cotton in market from start of the month. 20 to 70 rupees rise from 10 days but 150 to 300 Rupees swell up in 30 days. The continuous increase in the yarn price has created difficulties for the value-added sector.
| Pakistan : Indian role appears more instrumental in impacting cotton market (October 25, 10)|
Reacting on lower cotton arrivals by 17.33 percent at 4.173 million local weight bales on 15th October, 2010 against 5.048 million bales same period last year, renewed cotton buying interests and strictly following NY cotton Futures step by step, lint prices in local market reached all time-high of Rs 8,000 per 37.324 Kg ex-gin against rate of Rs 3,700-3,750 same period last year.