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Prices12 Jun 2017According to figures provided by the USDA in May, there is going to be higher domestic output and reserves in the 2017/18 market year. Early monsoon rains are expected to positively impact on new cotton supply in the country, and demand from international consumers and the domestic market are expected to grow in the 2017/18 market year. The value of the Indian rupee is fluctuating at around $0.0155. In Karachi, cotton prices were stable relative to the week before by Wednesday and Friday. Figures provided by the USDA in May show that Pakistan’s cotton supply is expected to expand in the 2017/18 market year due to increased output from the domestic market offsetting the decrease in initial reserves and imports. Demand for cotton fibre is expected to put pressure on existing supply in the country this year, especially from international consumers of cotton made in Pakistan. Chinese Viscose staple fibres finally stabilised at a new low (16% below the peak price level quoted on 10 March), while the price of polyester staple fibre continued to fall. 30s viscose yarn prices stabilised relative to the week before, while 32s polyester yarns dropped marginally relative to the week before. The dollar dropped further 0.23% relative to the week before against the yuan.
Prices12 Jun 2017Pakistan cotton remained stable at Rs6,800 per 37.32 kg. There were some supply-side factors that have had a negative impact on cotton supply in the country, such as the unavailability of irrigation water – which has had a negative effect on productivity in Pakistan.
Insight9 Jun 2017Four institutes, research bodies and companies from the textile and medical industries have come together to develop CAST – a Cardiac-measuring Shirt for Telemedicine. According to statistics, cardiovascular disease (CVD) is the main cause of death in Europe.
