Latest news with #ExtraLongStaple
Yahoo
16-04-2025
- Business
- Yahoo
US cotton exports to India rise on lower prices, tariff uncertainties
By Noel John (Reuters) - U.S. upland cotton exports to India have risen in the past few months fueled by global tariff conflicts, declining American prices and rising demand in the South Asian country, industry experts said. Exports to India from February to April jumped to 155,260 running bales, from 25,901 shipped during a year ago period, according to the U.S. Department of Agriculture's (USDA) data. The exports hit an over 2-1/2-year high in the week of February 20. The increase comes as Washington-Beijing trade tensions escalate, reducing U.S. cotton exports to China. China will impose 125% tariffs on U.S. goods, up from the 84% previously announced, the finance ministry said on Friday. With these tariffs and a drop in China's demand, upland cotton grown in Texas and other regions is now finding a market in India, according to Ajay Kedia, director of Kedia Advisors. At the same time, exports to China are expected to decrease, said Justin Cardwell, head of research and technology at Alternative Option. India is the world's second-largest cotton producer after China, as well as one of the world's largest cotton yarn processors and exporters. However, declining yields have recently turned the country from a net exporter to a net importer of the fibre. India mainly imports Extra Long Staple (ELS) cotton from the U.S., benefiting from a 10% duty exemption, unlike short staple cotton which has an 11% import duty. "The U.S. ELS cotton remains cost-effective for many Indian buyers due to its higher ginning efficiency, better lint yield, and superior fibre quality," said Kedia. The Cotton Association of India (CAI) this year lowered its cotton production estimate by 250,000 bales to 30.1 million bales, marking a 7.84% drop from the 2023-24 season. ICE cotton futures have dropped nearly 5% so far this year. India could see a cotton shortfall of 2.5 million bales this year, a gap that could be bridged with increased imports, said Y. G. Prasad, director of Central Institute for Cotton Research. India's cotton imports in 2024/25 are expected to double due to falling production, according to the CAI. India also imports cotton from Australia, Brazil, and Egypt. Sign in to access your portfolio
Reuters
16-04-2025
- Business
- Reuters
US cotton exports to India rise on lower prices, tariff uncertainties
April 16 (Reuters) - U.S. upland cotton exports to India have risen in the past few months fueled by global tariff conflicts, declining American prices and rising demand in the South Asian country, industry experts said. Exports to India from February to April jumped to 155,260 running bales, from 25,901 shipped during a year ago period, according to the U.S. Department of Agriculture's (USDA) data. The exports hit an over 2-1/2-year high in the week of February 20. The increase comes as Washington-Beijing trade tensions escalate, reducing U.S. cotton exports to China. China will impose 125% tariffs on U.S. goods, up from the 84% previously announced, the finance ministry said on Friday. With these tariffs and a drop in China's demand, upland cotton grown in Texas and other regions is now finding a market in India, according to Ajay Kedia, director of Kedia Advisors. At the same time, exports to China are expected to decrease, said Justin Cardwell, head of research and technology at Alternative Option. India is the world's second-largest cotton producer after China, as well as one of the world's largest cotton yarn processors and exporters. However, declining yields have recently turned the country from a net exporter to a net importer of the fibre. India mainly imports Extra Long Staple (ELS) cotton from the U.S., benefiting from a 10% duty exemption, unlike short staple cotton which has an 11% import duty. "The U.S. ELS cotton remains cost-effective for many Indian buyers due to its higher ginning efficiency, better lint yield, and superior fibre quality," said Kedia. The Cotton Association of India (CAI) this year lowered its cotton production estimate by 250,000 bales to 30.1 million bales, marking a 7.84% drop from the 2023-24 season. ICE cotton futures have dropped nearly 5% so far this year. India could see a cotton shortfall of 2.5 million bales this year, a gap that could be bridged with increased imports, said Y. G. Prasad, director of Central Institute for Cotton Research. India's cotton imports in 2024/25 are expected to double due to falling production, according to the CAI. India also imports cotton from Australia, Brazil, and Egypt.
Yahoo
12-02-2025
- Business
- Yahoo
Roundtable aims to unpack regenerative cotton farming in Egypt
The discussions highlighted the importance of brands offering financial and technical support, as well as opening markets for cotton farmers in Egypt adopting regenerative practices. The conference brought together more than 70 industry leaders and experts from both the public and private sectors. The forum included presentations from representatives of the hosting organisations and a panel discussion with experts such as Khaled Schuman, CEO of CEA; Dr Abd ElNasser Radwan, director of the Cotton Research Institute; Dr Hesham Hamoud, consultant for CottonConnect; and Sara Berlese, chief technical coordinator at UNIDO. A key topic was the role of technological innovations and biotechnologies, such as precision agriculture, satellite imaging, biofertilisers, and bioinsecticides, in improving efficiency and productivity in cotton farming. Egypt's cotton industry, a key agricultural export contributing 3% to the country's GDP, plays a crucial role in global supplies, accounting for 25-30% of Extra Long Staple (ELS) and Long Staple (LS) cotton. However, the sector faces growing challenges due to climate change, including rising temperatures, altered rainfall patterns, and a higher frequency of extreme weather events. CottonConnect CEO Alison Ward said: 'We are delighted to be able to bring together so many experts for this event to share their valuable insights and begin to create a roadmap that will ensure a more sustainable and successful future for Egyptian cotton and the global textile industry' Khaled Schuman added: 'The discussion at the roundtable was a step in the right direction towards improving regenerative practices for the sustainability of Egyptian Cotton. I feel optimistic about the future of the programme and what we can accomplish together.' The REEL Regenerative programme currently underway in Egypt aims to provide comprehensive insights into effective application of these practices across key cotton-growing regions. Regenerative agriculture's holistic approach not only seeks to address ecological concerns but also aims to support farmers' income diversification and climate resilience. Cotton Research Institute director Dr Abdel Nasser Radwan said: "Through collaboration with CottonConnect and the Cotton Egypt Association, we are not only sharing technical expertise but also ensuring that Egyptian cotton remains at the forefront of sustainability. Regenerative farming plays a crucial role in improving soil health, optimizing water consumption, enhancing biodiversity, and mitigating the impact of climate change—reducing the use of chemical pesticides and synthetic fertilizers, which ultimately improves farmers' livelihoods and safeguards the future of the industry. By strengthening our supply chain through innovation and training, we are paving the way for a more resilient and globally competitive cotton sector." In October last year, CottonConnect and the CEA formalised a memorandum of understanding (MOU), to increase awareness and expand regenerative cotton programs across Egypt, focusing on sustainability and the empowerment of local farmers. "Roundtable aims to unpack regenerative cotton farming in Egypt " was originally created and published by Just Style, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
